J.P. Morgan spends almost $600 million annually to tighten its defenses and ward off a constant stream of attacks, Dimon wrote Thursday.
The risk of a devastating cyber attack may be the single greatest danger to the U.S. financial system, according to J.P. Morgan Chase CEO Jamie Dimon.
div > div.group > p:first-child"> Indeed, J.P. Morgan was the victim of a large data breach in 2014 tied to hackers. The bank spends"a lot of time and effort trying to protect our company in different ways as part of the ordinary course of running the business," Dimon added."But the financial system is interconnected, and adversaries are smart and relentless – so we must continue to be vigilant."
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