FBI Cyber Crime Stories Week 6

History continues to repeat itself. Approximately 83 million accounts of Chase customers were hacked over the summer in what is considered an epic breach of security. Yet JP Morgan says that the bank has not found any evidence of compromised account numbers, passwords, dates of birth, and Social Security numbers. Didn't we hear this same response from the other financial institutions whose security were breached? This is how it seems to work: a bank or other financial institution suffers a security breach. First the institution denies the security breach. Then the institution acknowledges the breach, but denies any customer account was compromised. Then the bank admits that a limited number of customer accounts were compromised. Then that number of compromised accounts continues to increase. Finally, the bank gives a full fledged confession of the real damage! 

Thankfully, security experts are giving good advice: change your password. In fact, this is good advice, whether there is a security breach or not. Changing your password constantly helps to protect your account, and using complicated password makes hackers work extra hard to gain unauthorized access. Just as we out deadbolts and multiple locks on our doors, and arm our home with an intruder alarm, we can use that same concept to follow basic security rules and protect ourselves online.

http://www.nydailynews.com/news/crime/jp-morgan-customers-change-passwords-experts-article-1.1962538