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?
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