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December 22, 2015

Banks Spend Big To Fight Cybercrime, Heighten Efforts To Supervise Employee Behavior

Banks are spending billions to battle cyber attacks, according to the Wall Street Journal. Much of the efforts focus on employees who unintentionally expose information to hackers. Many banks are now banning workers from using USB drives, warning them to be careful about what they post on social media, and telling them not to put “out of office” replies on emails. They are even sending fake spear phishing emails to see how many employees open them.

J.P. Morgan Chase & Co. sent a fake phishing email to more than 250,000 employees after getting hit with a breach that exposed data from 76 million households. About 20% of the employees clicked on the email.

J.P. Morgan [...]
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