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You Won’t Believe What Banks Did After This Giant Security Mess!

BBG News

So, the big guys in finance just decided, “No thanks!” and cut off the top bank watchdog faster than you can say, “What security breach?” Yup, major panic at the email server party.

JPMorgan Chase and BNY Mellon basically told the Office of the Comptroller of the Currency (OCC), “We’re not sharing anymore,” right after the OCC’s email system got hacked harder than a sitcom writer’s brain at 3 a.m., according to Bloomberg.

Apparently, the OCC had to fess up to Congress about this “major information security incident.” And no, it wasn’t just some spam. We’re talking emails containing the kind of juicy, high-stakes financial gossip that would make even your nosy neighbor blush.

After a quick chat with the Department of the Treasury, they decided, yep, this qualifies as a “major incident.” Like the kind you don’t want to happen when you’re supposed to be the security pros. Classic irony.

Insiders note that banks usually spill everything to the OCC—financials, confidential info, even the scariest stuff like terrorism and espionage investigations. It’s like the OCC is the nosy relative who knows all your dirty secrets.

When asked, JPMorgan and BNY played the silent game, but the OCC’s rep told us they’ve got cybersecurity gurus on it, poking around and trying to figure out what went sideways in the digital fortress.

“Yeah, we’re still working on it. We’re keeping the banks in the loop while making sure the hackers don’t get any more secrets.”

Plus, their onsite examiners are still snooping around bank info — just, you know, securely. Because what’s life without a little contradiction and chaos? 🤷‍♂️

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2025-04-19 17:46

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