Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Tracking & Law Enforcement

Chase Says Zero Balance Errors Due to Glitch, Not Hack

Chase Bank customers who took to social media on Tuesday to express concern and anger over reports of null accounts and zero balances can rest easy the bank says, because the problem has been resolved.

Chase Bank customers who took to social media on Tuesday to express concern and anger over reports of null accounts and zero balances can rest easy the bank says, because the problem has been resolved.

On Monday, and for a short time on Tuesday, thousands of people reported that their bank account might have been compromised, due to the fact that their balance showed zero when accessed via the web or mobile banking application. SecurityWeek can confirm this problem, as some of our own accounts showed zero for a short time, before reporting that they didn’t even exist later Tuesday evening.

Oddly, instead of calling the bank, Chase customers took to the Web to vent their anger and frustration, forcing the bank’s social media team to put out the fires. Speculation led many of the upset customers to claim that they were somehow hacked, or that the bank itself was.

In a statement, the bank said it “…has nothing to do with cyber threats – it’s an internal issue. We are very sorry to our customers for the inconvenience,” when asked about the accounting issues.

A short time later, via Twitter, Chase reported the technical glitch fixed and that they were “back to business as usual.”

However, the bank didn’t offer specifics as to what caused the problems to begin with. One hopes that the problems can’t be reproduced via external sources, because something like this could be used to gain someone’s attention in a malicious way.

Advertisement. Scroll to continue reading.

The technical glitches come just a week after Chase suffered a massive DDoS attack, which knocked it’s website, and online banking offline. The bank confirmed the DDoS attack to the media, but would not, or could not disclose technical details such as peak traffic or length of attack. 

Written By

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing for the latest cybersecurity threats, trends, and expert insights.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Learn how to address potential risks and not restrict AI adoption in your organization. See what a centralized AI gateway is and how it works in practice.

Register

Join as we decipher the world of zero trust and share war stories on securing an organization by eliminating implicit trust and continuously validating every stage of a digital interaction.

Register

People on the Move

Rapid7 has named Rik Ferguson as VP of Security Intelligence.

Cytactic has appointed Tim Brown as CSO.

Scott Simkin has joined Vega as CMO.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.