JPMorgan Chase hack could fuel years of fraud: cybercrime researchers

The 83 million customer records that hackers stole from JPMorgan Chase & Co (JPM.N) could fuel years of fraud, as criminals use the information to "phish" for customer passwords and ferret out other accounts that consumers may have, cybercrime researchers said on Friday. The bank said it has not seen any rise in fraud in the wake of the discoveries, but security researchers said the information that hackers stole, such as addresses, tends to change relatively slowly, which gives criminals a long time to use it. Their first step will likely be to use the information to send emails to customers purporting to be from JPMorgan Chase. Links embedded in those emails could be used to con customers out of their passwords, a practice known as "phishing."

via Business News http://finance.yahoo.com/news/jpmorgan-chase-hack-could-fuel-190326513.html