President Obama and his national security advisers have decided to prioritize security breaches as a matter of national concern, and have been receiving briefings throughout the summer on this topic.
According to the New York Times, the President's biggest concern is whether the hackers are driven by monetary or political motivations. The JPMorgan attack is the most puzzling yet, because it is such a large-scale incident yet no actual money has been stolen. The White House is considering the possibility that the breach was orchestrated by Putin in retaliation for American-led sanctions on Russia.
After JPMorgan discovered the breach, the Federal Bureau of Investigation tested what they believe to be the hackers' I.P. addresses at a number of other financial institutions. At least four companies, E*Trade Financial, ADP, HSBC and Citigroup, found one address on their system logs that was a match. However, none of those institutions suffered an actual breach, so it appears that those attempted intrusions failed.
The FBI and Secret Service are both currently investigating the attacks, trying to trace them back to their sources. However, experts are skeptical as to whether a perpetrator will ever be found.
"It's not the equivalent of gunshots being fired, a body on the street, and witnesses who see a person with a gun running away," Thomas G.A. Brown, a senior managing director with FTI Consulting, told the New York Times.
Meanwhile, JPMorgan customers are becoming increasingly frustrated with the lack of transparency on the part of the bank. The institution recently revealed that it would not be reaching out to the specific victims of the breach, and there is really no way to find out if your information was compromised.
It's a good idea to run frequent diagnostic scans on your payment processing software, and be sure your company is utilizing the most up-to-date technology to keep your business safe.