Cybersecurity and fraud prevention hub
At the Private Bank, we work tirelessly to keep you, your family and your business safe. When you come to us, we make it our priority to understand your unique situation and protect your assets and information. We act as your eyes and ears in the face of threats and invest heavily to secure our business and your assets.
Did You Know?
Around 2,328 cybercrimes are thought to occur each day. From 2001 to 2021, cybercrime has claimed at least 6.5 million victims with an estimated loss of nearly $26 billion over the same period.1
Cybercrime and fraud prevention
At the Private Bank, we take a multi-layered approach to preventing cybercrime and fraud. And because we take the time to get to know you, your family, your business, and the way you transact, we’re better prepared to keep your information and assets secure. To protect you from cybercrime and fraud, we employ constantly evolving defenses that detect and prevent all potential threats.
How we protect you
Education
Our programs and educational materials can help you understand how to better protect yourself, your family and your business. J.P. Morgan is committed to safeguarding your data, but clients are ultimately responsible for ensuring their own cybersecurity and fraud prevention controls.
Contact your J.P. Morgan team to learn more about our programs or to schedule a session with our experts.
A team effort
Our dedicated professionals bring their specialized knowledge together to secure your accounts.
Online protection
Wherever you are in the world, you have access to safeguards that can be customizable for your needs. Set up alerts to keep an eye on transactions, and find out more about the online protections we offer in the United States, and internationally.
1Source: Astra Security. Data as of August 4, 2023. https://www.getastra.com/blog/security-audit/cyber-crime-statistics
What you can do now
In addition to the tools we use to protect you from cybercrime and fraud, we offer educational content and sessions to help you become more secure. In the meantime, consider the tips below to help protect yourself, your assets and your information.
How to prevent cybercrime and fraud
Verbally verify all payment instructions
It’s a simple step, and one of the most important precautions you can take to prevent fraud.
Leverage multi-factor authentication
Rather than just requiring your password to access your accounts, require an additional credential, such as a code, facial recognition or an answer to a security question.
Create unique, complex usernames—not just passwords
Passwords should be complex, unique and not be used on multiple sites. They should not contain any personal information or answers to your security questions.
Set up alerts on J.P. Morgan OnlineSM
In the United States, J.P. Morgan Online offers alerts that you can apply to your online profile and accounts to notify you of potentially fraudulent transactions or account changes.
Bank online with J.P. Morgan OnlineSM
Conducting transactions online through a reputable financial institution is actually safer than doing so via checks or cash.
Set up paperless statements, confirmations and tax forms
Go paperless to help prevent your account information from being lost or stolen in the mail.
Insights and resources
As the cybercrime and fraud landscape evolves, we encourage all clients—as well as their extended networks—to take action by utilizing our educational materials to protect their information, identities and financial profiles.
Our strong foundation
For over 200 years, we’ve weathered countless market cycles and events. You can find comfort with us because you know we will remain well capitalized and will keep your assets safe. We’ll be here to guide you through the turbulent times, just as we will in calmer environments.
How we protect your assets
Capital reserves
To create a stable place for your assets, we’ve built a resilience to capital loss by diversifying our holdings, adding multiple layers of protection and amassing a reserve of more than $480 billion in loss-absorbing resources.1
Asset Segregation
Your fully paid securities won't be re-hypothecated or lent out for our own use.2 Additionally, when acting as a trustee, or in another fiduciary capacity, JPMorgan Chase Bank N.A. will not lend assets unless specifically authorized to do so.
North America
JPMorgan Chase Bank, N.A.
Europe
JPMorgan Chase Bank, N.A., Paris Branch
J.P. Morgan (Suisse) S.A.
J.P. Morgan Bank Luxembourg S.A. (JPMBL) and its European Economic Area Branches
- JPMBL Brussels Branch
- JPMBL Milan Branch
- JPMBL Frankfurt Branch
- JPMBL London Branch
Asia
JPMorgan Chase Bank, N.A., Singapore Branch
Deposit guarantees and insurance
To give you peace of mind about your deposits, J.P. Morgan bank custodians participate in local deposit insurance and protection schemes that will back your cash deposits up to the following amounts:
These limits, while common at most financial institutions, contribute to our clients’ sense of comfort in our firm’s long legacy of strength and stability—we go many steps beyond the common denominator to keep our clients protected.
1 Source: JPMorgan Chase & Co.’s Form 10-K for the year ended December 31, 2022. Total loss-absorbing resources includes long-term debt total loss-absorbing capital eligible assets, preferred stock, CET1 and loan loss reserves. External eligible long-term debt of $162 billion (bail-in-able) to replenish CET1, adequate to recapitalize to 11%+ CET1 in Title II, includes haircuts for maturity.
2 Securities in a margin account pledged as collateral for margin obligations may be re-hypothecated or used by our broker-dealer in the conduct of its business, as authorized by the margin account agreement.
3 United States clients with assets held at J.P. Morgan Securities LLC are also protected by the Securities Investor Protection Corporation, which insures against “missing” securities from the custody of an account for up to $500,000 per eligible investor.
