Cybersecurity
Get the latest news and insights on cybersecurity regulations affecting financial advisors, broker-dealers, RIAs and others in the financial services industry.
Cybersecurity Rule Could Prompt Firms to 'Cry Wolf': SEC Roundup
By Nick Morgan and Tom ZaccaroFacebook's former chief security officer explains why the rule may result in premature or inadvertently inaccurate disclosures.
December 14, 2023
12 Biggest Financial Services Data Breaches of 2023The incidents affected everything from Social Security numbers to debit card security codes.
December 06, 2023
Pacific Life, Agent Face Suit Over $500K Payment That VanishedThe client asserts that bad wiring information caused him to transfer cash to cybercriminals.
November 16, 2023
Morgan Stanley to Pay 6 States $6.5M Over Client Data SecurityThe firm failed to erase customer information from old hard drives and servers before auctioning them off.
November 10, 2023
State of Maine MOVEit Breach Exposes 1.3M People's DataSome records exposed included driver's license numbers and Social Security numbers.
November 10, 2023
World's Biggest Bank Has to Trade Via USB Stick After HackThe cyberattack is suspected to be the work of the gang Lockbit and has hit other financial firms.
November 03, 2023
Customers at Big Banks Report Account ProblemsA clearinghouse processing snag appeared to affect JPMorgan Chase, Wells Fargo, Bank of America, Truist and U.S. Bank.
October 30, 2023
FTC to Create Public Data Breach Website for Some Financial FirmsOfficials hope a public database will spur consumers to do more to protect their data.