JPMorgan Hack Doesnt Reveal Whole Story of Exposed Data

The video discusses a significant hack on JP Morgan, highlighting the limitations of US disclosure laws. It explains that while customer data theft must be reported, corporate data breaches do not. The hack affected nearly all US accounts and possibly some overseas. There are indications that other banks might also be targeted, suggesting a broader impact. The video emphasizes the need for vigilance and the potential for undisclosed breaches.

What is one of the main limitations of US disclosure laws regarding data breaches?

• They vary from state to state.

• They require all corporate data to be reported.

• They are uniform across all states.

• They mandate immediate public disclosure.

What type of information was confirmed to be stolen in the JP Morgan hack?

• Algorithm source code

• Customer data like names and email addresses

• Corporate emails

• Trading strategies

Approximately how many accounts were affected by the JP Morgan data breach?

• Only corporate accounts

• Nearly every US account and some overseas

• Only overseas accounts

• A small fraction of US accounts

What is suggested about the hackers' activities beyond JP Morgan?

• They are focusing on non-banking sectors.

• They only targeted JP Morgan.

• They might be targeting other banks as well.

• They have been caught and are inactive.

Why is it unusual for hackers to target only one institution?

• Hackers prefer non-financial institutions.

• Hackers usually aim for multiple targets.

• Hackers typically focus on a single target.

• Hackers are often caught after one attack.