A simple fix could have prevented the JPMorgan mega-breach

  • 24 December 2014
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By Alex Hamilton
 
JPMorgan Chase could have avoided one of the most damaging cyber attacks in history with a simple security fix.
The bank, which was struck in late August, revealed in October that the attackers had made off with the data of 76 million households and 7 million small businesses. The scandal was reported to have started with just one compromised password.
 
Now it has been revealed that if the company had installed a single security fix to an overlooked server in its network than the entire attack could have been stopped.
According to a New York Times report, the bank had not implemented two-factor authentication -- a system that requires two methods of entry to an account, like a code sent to a phone -- on all of its servers, leaving it vulnerable.
 
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