JPMorgan's Ongoing Battle Against Escalating Cyber Attacks

JPMorgan Chase is now fending off approximately 45 billion hacking attempts daily, double the previous year, as cyber attacks on banks escalate. The bank invests $15 billion annually and employs 62,000 technologists to bolster its defenses, with the rise in attacks attributed to Russian actors and the increasing complexity of artificial intelligence-driven cyber threats. Financial institutions view cyber attacks as the top systematic risk, prompting concerns from regulators and industry executives about the evolving nature of cyber security challenges.