JP Morgan has stated that it is to nearly double its cybersecurity deficit , reducing it to c. $ 500 m this year . This follows the losses that the bank incurred last summer which resulted in the loss of personal assets of 500 m households .
JP Morgan has announced that it is to nearly double its cybersecurity budget, raising it to c. $500m this year. This follows the cyberattack that the bank suffered last summer which resulted in the theft of personal data of 76m households.