JPMorgan Hacking, Russian Aggression A Presidential Concern

When word of a hacking incident at JPMorgan Chase & Co. (NYSE:JPM) began circulating, it sent alarm bells through the White House.

National security staff were briefing U.S. President Barack Obama about the hack of JPMorgan Chase & Co. (NYSE:JPM) along with that of nine other financial institutions at the same time Obama was receiving updates on Russian incursions into Ukraine, according to a recent New York Times article.

The simultaneous briefing on both the hacking attack and Russia’s foreign policy aggression might not have been a random coincidence, ValueWalk sources have indicated.  The curious question, addressed generally in whispers, was why didn’t the hackers do more damage?

Sign Up For Our Free Newsletter

In presidential briefings, the White House...