J.P. Morgan Expects to Double its Cybersecurity Spending This Year

Technology Investing News

J.P. Morgan Chase & Co. expects to almost double its spending on cybersecurity, accelerating its previous timeline for cybersecurity growth.

J.P. Morgan Chase & Co. expects to almost double its spending on cybersecurity, accelerating its previous timeline for cybersecurity growth.
According to the Wall Street Journal:

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. Morgan also expects its cybersecurity spending to remain at around $500 million in 2016. The firm suffered a cyberattack last summer that involved the theft of contact information for about 76 million households.

Click here to read the full article on the Wall Street Journal.

The Conversation (0)
MARKETS
COMMODITIES
CURRENCIES
×