In a powerful message released, JPMorgan Chase has issued a public call to third-party software providers, urging immediate action to strengthen digital security.
As Software as a Service—or SaaS—becomes the dominant model for delivering software, JPMorgan warns that this shift, while efficient, is creating serious vulnerabilities across industries.
The letter, penned by Chief Information Security Officer Patrick Opet, emphasizes that centralization is increasing the risk to global infrastructure.
A single breach in a major service provider could now send shockwaves across the entire economic system.
The company is calling for a fundamental shift in how the software industry approaches security.
No longer can speed-to-market be the top priority.
Security, they argue, must be designed into products from day one—and it must be the default, not an afterthought.
JPMorgan also highlights that outdated security models can no longer keep up.
As businesses integrate SaaS platforms more deeply, old boundaries between internal systems and external services are breaking down.
This creates new risks that attackers are actively exploiting…. And these are not theoretical concerns.
Over the past three years, JPMorgan has dealt with multiple incidents involving third-party providers.
Each required fast containment and massive mitigation efforts—proof, they say, that even trusted partners can pose serious threats.
The letter urges the entire technology ecosystem to step up.
Providers must deliver secure-by-default solutions, offer greater transparency, and adopt modern security architectures—including confidential computing and advanced authorization models.
Moving forward, JPMorgan calls for a united response. Only by working together—immediately and decisively—can we build a secure digital future.
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