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Jim Cramer Eyes Palo Alto Networks for JPMorgan's Ramped-Up Cybersecurity


NEW YORK ( TheStreet) -- JPMorgan (JPM - Get Report) expects to double its spending on cybersecurity this year and is accelerating its initial timeline for the spending, according to its quarterly regulatory filing.

If true, JPMorgan will spend $500 million this year on preventing cyberattacks like the one the company experienced in the summer of 2014.

In last year's hacking, 76 million households and seven million small businesses were affected, compared to the one million the company had originally projected.

It was the...