JPMorgan Says Hacker Attempts Have Increased This Year

JPMorgan Chase & Co. has seen an increase in hackers attempting to infiltrate its systems as the Wall Street giant and its rivals continue to deal with a surge in global cybercrime, according to Mary Callahan Erdoes, who leads JPMorgan’s asset and wealth management division.

“The fraudsters get smarter, savvier, quicker, more devious, more mischievous,” Erdoes said in a panel at the World Economic Forum in Davos. “It’s so hard and it’s going to become increasingly harder and that’s why staying one step ahead of it is really the job of each and everyone of us.”