NEW YORK CITY - JULY 11: Pedestrians walk past a branch office o

 

Have you received your notice from Chase?  The New York bank disclosed Thursday that the breach compromised information pertaining to about 76 million households and 7 million small businesses.

What of yours was possibly stolen? According to Chase, only your name, address, phone number and email address is at risk.  So far, the bank maintains that other info such as your date of birth, your social security number, and your account numbers could be safe.

Don’t count on it.  Cyber attackers are highly sophisticated, with a much more ambitious objective than merely harvesting names and phone numbers.  Besides, it is way too soon to assume more sensitive information has not been stolen.  Several months, and possibly years, can go by before we will learn the full impact of the JPMorgan breach.

So, do not breathe a sigh of relief just yet. Assume the worst and take precautions now.  What can you do?  First of all, be leery of suspicious emails, phone calls from purported bank representatives and changes on your credit profile.  If you find unauthorized use of your credit, contact Chase immediately.  You will not be held responsible for these transactions.

Other proactive endeavors might include: Change your password and have debit and credit cards replaced.  Some are simply closing their accounts altogether and moving their money elsewhere.

Whatever you personally decide, do not let complacency be one of your options; treat cyber-attacks on your account information as a very serious concern.  The FBI as well and the secret service are taking it seriously, endeavoring to determine the scope of cybersecurity and well over $250 million dollars is being spent annually to combat these financial breaches.