Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor
Leaked data breach

Regulation and Compliance > Cybersecurity

Interactive Brokers Notifies 600 Clients of Data Breach

X
Your article was successfully shared with the contacts you provided.

Interactive Brokers was hit with a data breach in January, according to a notice filed May 16 with the attorney general of Massachusetts. The broker-dealer discovered that an unauthorized party was able to gain access to an employee’s email account.

The incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names, Social Security numbers, financial account information and driver’s license numbers, according to a post by the personal injury law firm Console and Associates on JD Supra, a legal information site.

Interactive Brokers told ThinkAdvisor Wednesday that the BD has “notified approximately 600 clients of a very limited business email compromise of only a few IB employee email accounts by an unknown malicious actor. There is no evidence that any client’s information was subject to actual or attempted misuse as a result of this incident, and there is no evidence that there was any unauthorized access to any client’s account, or to any of IBKR’s systems.”

Data privacy and security, Interactive Brokers said, “are among the Firm’s highest priorities, and we have extensive measures in place to help protect information in the Firm’s care.”

According to the filing, on Jan. 11, IB “determined that an unauthorized party had been able to access an employee’s email account,” according to the JD Supra post. “In response, IB secured its system and then launched an investigation to determine what, if any, consumer information was leaked as a result. Interactive Brokers also notified federal law enforcement.”

“Ultimately, the IB investigation confirmed that an unauthorized party had been able to access the employee email account, which contained confidential information belonging to certain consumers,” the post explains.

“After learning that sensitive consumer data was accessible to an unauthorized party, Interactive Brokers reviewed the compromised files to determine what information was leaked and which consumers were impacted,” JD Supra said.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.