Financial giants are abruptly cutting connections with one of the top bank regulators in the US amid a major security warning. JPMorgan Chase and Bank of BNY Mellon have stopped electronically sharing data with the Office of the Comptroller of the Currency (OCC) following a severe breach of the regulator’s email system, Bloomberg reports . The OCC says it has notified Congress of a “major information security incident” involving unauthorized access to several of its executives’ and employees’ emails. The contents of the emails included “highly sensitive information relating to the financial condition of federally regulated financial institutions,” according to the OCC. Upon consultation with the Department of the Treasury, the OCC determined the incident met the conditions necessary to be classified as a “major incident.” According to people familiar with the matter, banks routinely provide financial information to the OCC that not only includes standard financial data, but also highly confidential information about terrorism, espionage and other investigations. JPMorgan and BNY both declined to comment, but a spokesperson for the OCC said the agency is working with cybersecurity experts to analyze the breach and further evaluate its IT systems. “This work is ongoing, and the OCC is engaged with its supervised institutions to keep them informed as these investigations progress… OCC’s onsite examiners continue to retain access to bank information as necessary to conduct supervisory activities, while ensuring the security of the data.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post JPMorgan Chase, BNY Mellon Respond To Major Data Breach As Bank Regulator Abruptly Suffers Security Breakdown appeared first on The Daily Hodl .
