BUSINESS

JPMorgan CEO Jamie Dimon Asks For Help With Data Breaches

James 'Jamie' Dimon, chief executive officer of JPMorgan Chase & Co., listens during an Institute of International Finance pa
James 'Jamie' Dimon, chief executive officer of JPMorgan Chase & Co., listens during an Institute of International Finance panel discussion in Washington, D.C., U.S., on Friday, Oct. 10, 2014. Dimon, who's making his first public appearance since undergoing treatment for throat cancer earlier this year, said the biggest U.S. bank probably will double its $250 million annual computer-security budget within the next five years. Photographer: Andrew Harrer/Bloomberg via Getty Images

JPMorgan Chase CEO Jamie Dimon offered a grave warning on Friday about future cyberattacks.

Making his first public statement about the enormous data breach that roiled the bank this summer, Dimon said the company would spend $250 million a year to increase security and prevent future breaches, The New York Times reported.

“This is going to be a big deal and there will be a lot of battles,” he said, according to a JPMorgan spokeswoman. “We need a lot of help.”

The comments, which were also Dimon’s first public remarks since he disclosed last summer that he had throat cancer, were made at a Washington conference organized by the banking lobby Institute of International Finance.

The cyberattack against JPMorgan affected the data of 76 million households and 7 million businesses, according to a regulatory filing.

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