This article talks about JPMorgna Chase getting increasingly large numbers of hackers attempting to hack the bank. Not only JPMorgan but other wall street banks as well. This is an issue for both people using the banks and the banks itself. To prevent and decrease the number of hackers JPMorgan has been investing a lot of money into their defense on cyber crimes according to Mary Callahan Erdoes, head of JPMorgan Chase’s asset and wealth management division. They are forced to spend a lot on Cybersecurity because this would affect people heavily.
This article talks about recent internet fraud schemes. 4 people are being charged for defrauding over $2 million dollars from people. This affects the people that were caught up in this scheme, having their money taken from them. The people were offered services or goods over the phone. This scheme was also done all across the country. The best way to prevent this and protect ourselves is to spread awareness about the recent activies so people are cautious about these types of calls and scams.