J.P. Morgan Chase & Co. said it expects to increase spending on cybersecurity in the coming years, accelerating its initial timeline of such spending growth. The bank said its annual cybersecurity budget is expected to nearly double this year, according to a quarterly regulatory filing. That would bring this year’s spending figure to about $500 million, up from $250 million in 2014. J.P....
JP Morgan has announced that it is to nearly double its cybersecurity budget, raising it to c. $$250 millionm this year. This follows the cyberattack that the bank suffered last summer which resulted in the theft of personal data of 76m households.