It was Matt Drudge’s lead story yesterday. It was the lead story on Google News this morning. Hackers got the records of 76 million Americans: names, addresses, phone numbers. Also stolen were the data on seven million businesses.
The bank never admitted this to the public. It merely reported it in a mandatory filing with the Securities & Exchange Commission. Some reporter spotted it there.
No reporter has asked the obvious question: How did one bank get into possession of the records of 76 million Americans and seven million businesses?
Hackers, sure. We expect that. That’s business as usual. But how did Morgan do it?
Once again, it becomes clear that the U.S. banking system is dominated by half a dozen banks.
They are all too big to fail. Congress says so. Don’t worry. Be happy.
The chairman of Morgan assured the press that the hackers did not get any bank account numbers or passwords. His IT staff assured him of this. Trust him.
The bank, led by Chief Executive Officer Jamie Dimon, hasn’t detected “any unusual customer fraud” related to the attack. . . .
I see. No unusual customer fraud. It seems to me that having the records of 76 million people stolen is unusual. It surely is fraud. The hackers must have had something in mind when they did this. I suspect that their plans for these data are fraudulent. Call me a suspicious type.