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JPMorgan Hacked Again, Or Was It?

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Mark Melin
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JPMorgan Chase & Co. (NYSE:JPM) computer servers have been reported hacked, the second time in a matter of months, according to a New York Times Dealbook report.  But the bank denies the incident.

JPMorgan scrambling to contain the fallout

The hack has JPMorgan “scrambling to contain the fallout,” which was described as a breach of its vast computer network from persons in Italy or southern Europe, Matthew Goldstein and Jessica Silver-Greenberg are reporting, citing several unnamed sources familiar with the investigation.

Bloomberg had previously reported a hack of the bank in August.  At the time the hacking incident is being considered in the context of potential diplomatic and military tensions between the US...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.