Cybersecurity
Get the latest news and insights on cybersecurity regulations affecting financial advisors, broker-dealers, RIAs and others in the financial services industry.
Merrill, BofA Fined $12M for Suspicious Activity Report Failures
By John ManganaroBank of America improperly set a reporting threshold of $25,000 instead of $5,000, the SEC and FINRA found.
June 05, 2023
SEC's New Cyber Rule Plan Needs Changes, Trade Groups SayThe update to Reg S-P would require firms to notify clients of data breaches.
June 05, 2023
Glitch at JPMorgan Chase Caused Double Online Transactions"My account is at negative," one Twitter user posted about the bank's issues, which have since been resolved.
May 01, 2023
Senate Notarization Bill Could Simplify Digital BusinessA California notary group worries it could increase the risk of identity theft.
April 27, 2023
Fed's Powell Tricked by Russian Pranksters Posing as ZelenskiyEarlier this year, the two Russians spoke with European Central Bank chief Christine Lagarde, also by impersonating Ukraine's leader.
April 26, 2023
Client Sues Allstate Over Use of Marketing SoftwareThe plaintiff says keystroke recording without adequate disclosures violates California privacy laws.
April 20, 2023
D.C. Health Exchange Needs Broker Identity Theft PosseA breach exposed 56,415 users' personal information. Few have signed up for protection.
April 13, 2023
Florida Man Sold Medicare Enrollee ID Numbers for 12 Cents EachThe data broker was sentenced to 41 months in prison. The BIN suppliers may still be in business.