Menu
Two-factor authentication oversight led to JPMorgan breach, investigators reportedly found

Two-factor authentication oversight led to JPMorgan breach, investigators reportedly found

The attackers stole an employee's access credentials and used them to access a server that lacked a stronger authentication mechanism

The attackers who stole information about 83 million JPMorgan Chase customers earlier this year gained a foothold on the company's network because a server reportedly lacked two-factor authentication.

The attackers stole the login credentials of a JPMorgan employee and were able to access the server, despite the company's practice of using two-factor authentication on most of its systems, the New York Times reported citing unnamed sources familiar with the internal and external investigations at JPMorgan.

Two-factor authentication combines the use of static passwords with one-time-use access codes generated by physical hardware devices or mobile apps.

The JPMorgan security team apparently neglected to deploy two-factor authentication on one of the company's many servers, leading to the absence of a security layer that might have otherwise prevented the attack, the New York Times reported.

Following the initial intrusion, the attackers were eventually able to gain access to over 90 servers at the bank, but did not manage to steal sensitive financial information before they were detected and blocked in August.

The attackers were able to compromise names, addresses, phone numbers and email addresses, along with information about which line of business the customers were affiliated with, JPMorgan said on its site in October.

The wider breach was discovered after a compromise was detected in August on an external website set up for a charitable race sponsored by the bank. JPMorgan then determined that the attackers had also had access to other systems for months, the New York Times reported.

The story echoes the warnings of security experts over the years that the breach of a single server or employee computer can put an entire network at risk.

There have been numerous cases where attackers exploited a vulnerability on a public-facing website and then used the underlying Web server to pivot to the company's internal network. Cyberespionage groups also often compromise the computers of low-level employees using simple attacks like spear phishing and then move laterally inside the network by exploiting the security holes in other systems and the credentials of those employees.

Strong access management policies and network segmentation are key to limiting the extent of damage that attackers can do once they gain a foothold inside a network. However, for organizations like JPMorgan, implementing uniform security controls across their vast networks can be difficult because they often have to integrate large numbers of new systems with different levels of security as a result of acquiring other companies.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags securitydata protectiondata breachintrusionAccess control and authenticationJPMorgan Chase

Featured

Slideshows

Meet the leading female front runners of the Kiwi channel

Meet the leading female front runners of the Kiwi channel

Reseller News honoured the leading female front runners of the New Zealand channel at the 2018 Women in ICT Awards (WIICTA) in Auckland. The awards honoured standout individuals across seven categories, spanning Entrepreneur; Innovation; Rising Star; Shining Star; Community; Technical and Achievement.

Meet the leading female front runners of the Kiwi channel
Meet the top performing customer-centric Microsoft channel partners

Meet the top performing customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the top performing customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments