Why J.P. Morgan Chase & Co. Is Spending A Half Billion Dollars On Cybersecurity

J.P. Morgan Chase & Co.'s Form 10-Q Quarterly Report -- which was filed on August 3, 2015 with the United States Securities and Exchange Commission -- provides a partial explanation as to why the firm is planning to spend a half billion dollars on cybersecurity. That number is twice the $250 million which the financial services giant previously had budgeted for protecting its information technology systems and networks.