The scale of activity across JP Morgan’s infrastructure is reported to be around 45 billion transactions a day.

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The scale of activity across JP Morgan’s infrastructure is reported to be around 45 billion transactions a day. That is a significant number and demonstrates the complexity of managing technology and cyber risk. Demonstrating why JP Morgan is reported to spend around $15 billion a year on Technology and cyber security.

Automation of cyber attacks is becoming an issue for the financial services industry. Attack frequency is increasing, some of which is geopolitically motivated, and being driven by AI.

“Given the tremendous uncertainty about the scale of the impact of this technology and the way it is evolving, policy could be playing catchup,” said Gopinath. There’s a risk that a “big event” occurs, she said “before we actually work out how to fix it.”

Ted Dziekanowski Brian D. McCarthy

Veritas GRC

#cybersecurity #cyberriskmanagement #cyberregulation #cyberai

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