JPMorgan Chase executive Mary Callahan Erdoes said Wednesday the bank deals with a massive onslaught of hackers trying to commit system breaches on a daily basis.
“There are people trying to hack into JPMorgan Chase 45 billion times a day,” she said, calling those occurrences “2x what it was last year.” She said the bank, which puts $15 billion toward cyber security and technology each year, has thwarted the daily efforts of such hackers.
Erdoes’s comments, at Davos 2024, coincidentally came on the heels of Allianz Commercial on Tuesday releasing a Risk Barometer report identifying cyber incidents as 2024’s “top business risk.”
Allianz said 36% of the over 3,000 customer businesses, industry trade organizations, risk management professionals and others around the world that participated in its survey pointed to cyber incidents as the risk weighing on them the most for 2024.
COMCAST SAYS XFINITY CYBERSECURITY INCIDENT MAY HAVE COMPROMISED CUSTOMER DATA
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