Cybersecurity
Get the latest news and insights on cybersecurity regulations affecting financial advisors, broker-dealers, RIAs and others in the financial services industry.
New York Life Joins MOVEit Breach Notice List
By Allison BellOverall, the breach may have exposed the data of more than 41 million people and 677 organizations worldwide.
August 08, 2023
TIAA Hit With Class-Action Suit Over MOVEit HackTIAA failed to protect some 2.3 million customers' personal data from the MOVEit hack, according to the suit.
July 25, 2023
An AI Chatbot Duped Social Security Staffers. The SSA Has Taken Notice.The SSA's Office of the Inspector General is seeking to both leverage AI and protect beneficiaries from its risks.
July 17, 2023
MOVEit Hack Put Fidelity Retirement Plan Participant Data at RiskA firm providing services to Fidelity says a hack on a system it uses may have exposed customer data.
July 11, 2023
Merrill, BofA Fined $12M for Suspicious Activity Report FailuresBank of America improperly set a reporting threshold of $25,000 instead of $5,000, the SEC and FINRA found.
July 06, 2023
Ransomware Gang Has 6M Life and Annuity Client RecordsKnown victims include Genworth, F&G and the department that oversees Medicare.
June 14, 2023
Battle With Law Firm Over China Hack Comes to a Head: SEC RoundupThe SEC wants information on Covington & Burling's advisor and BD clients hit in a 2020 cyberattack.
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.