Too Big To Protect. The patents describe data storage where applications for credit, home loans , etc. we’re gathered and made accessible to all the players. Privacy – out the frickin’ door! If Dimon wants protection – so do we! Make them dump their data storage and confiscate the patents that control the software.
Yet, he won’t tell the 83 million customers if any of their information was compromised.
JPMorgan Chase CEO Jamie Dimon offered a grave warning on Friday about future cyberattacks.
Making his first public statement about theenormous data breach that roiled the bank this summer, Dimon said the company would spend $250 million a year to increase security and prevent future breaches,The New York Times reported.
“This is going to be a big deal and there will be a lot of battles,” he said, according to a JPMorgan spokeswoman. “We need a lot of help.”