JPMorgan spends $15 billion a year on technology, given the risk of a data breach


JPMorgan Chase’s banking systems are attacked by hackers 45 billion a day, double what it saw a year earlier.

The nation’s largest bank spends $15 billion a year on technology, given the risk of a data breach and the potentially devastating consequences of a successful cyber attack, Mary Callahan Erdoes, chief executive of the bank’s Asset & Wealth Management division, said on a panel Wednesday at the World Economic Forum in Davos, Switzerland.

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Source: MSN News