Five things for PR pros to know Friday morning, 10.3.2014

JPMorgan Chase data breach affects millions; EU clears Facebook's WhatsApp deal; Fed faces Congressional scrutiny.

Five things for PR pros to know Friday morning, 10.3.2014

JPMorgan Chase said Thursday that a cyberattack on the bank this summer compromised the accounts of 76 million households and seven million small businesses. Bank executives previously believed the attack, which began in June and was discovered in July, affected about one million accounts. Hackers stole customer information including names, addresses, phone numbers, and email addresses. The bank's disclosure comes as other companies face large-scale data breaches. Last month, a cyberattack on Home Depot affected 56 million shoppers' cards, while last year Target faced a data theft that compromised 40 million cardholders.

European Union regulators have approved Facebook's $19 billion offer to buy mobile messaging service WhatsApp. The deal, announced in February, is the largest in Facebook's history. US antitrust authorities approved the transaction in April.

An American cameraman freelancing for NBC News in Liberia has tested positive for Ebola. Believed to be the fourth American who has contracted the virus, he will return to the US for treatment. Meanwhile, health officials in Texas have widened the number of people being screened for potential exposure to Ebola after confirming the first US case of the disease earlier this week.

The Federal Reserve Bank of New York, Wall Street's top regulator, is facing renewed scrutiny from lawmakers after a former bank examiner released secret recordings from her time at the Fed. The recordings, published this week by news organization ProPublica and radio program This American Life, allege that Fed employees went easy on Goldman Sachs despite concerns about some of the bank's actions after the financial crisis. Carmen Segarra, the former Fed employee who made the recordings, had previously sued the regulator, claiming she was fired for being too hard on Goldman. This week, members of the Senate and House of Representatives called for hearings to examine the Fed.

President Barack Obama will visit a steel manufacturer in Indiana today to talk about the economy, the same day the Labor Department is set to release the latest US jobs report.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in