Cyber Threats Escalate in 2024: JPMorgan Fights Off 45 Billion Hacking Attempts Daily

As businesses identify cyber incidents as the top risk for 2024, JPMorgan Chase invests $15 billion annually in technology to fortify its defenses.

JPMorgan Chase is now fighting off approximately 45 billion hacking attempts each day, double the amount from the previous year.
The bank spends $15 billion annually on technology and employs 62,000 technologists to strengthen its defense against cybercrimes.
A recent Allianz Risk Barometer report identified cyber incidents as the top business risk for 2024, with 36% of over 3,000 surveyed businesses and organizations citing it as their primary concern.
Data breaches are the most concerning type of cyber incident, with 59% of companies expressing concern over this risk.
Other major concerns for businesses in 2024 include business interruptions and natural catastrophes, with 31% and 26% of respondents respectively citing these as major risks.