05 Apr

JPMorgan Chase’s Dimon says cyberattacks may be the greatest threat to the U.S. financial system.

JPMorgan Chase’s Dimon says cyberattacks may be the greatest threat to the U.S. financial system. In an unusually long annual letter to shareholders, the chief executive of the country’s biggest bank by assets said that while it spends an annual $600 million on security — interconnectedness with other institutions make it an omnipresent risk. Dimon also cited continuing efforts in conjunction with Washington to mobilize against it.

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