Cybersecurity
Get the latest news and insights on cybersecurity regulations affecting financial advisors, broker-dealers, RIAs and others in the financial services industry.
TIAA Hit With Class-Action Suit Over MOVEit Hack
By Melanie WaddellTIAA failed to protect some 2.3 million customers' personal data from the MOVEit hack, according to the suit.
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.
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
6 Things to Know to Avoid CyberattacksAdvisors' eagerness to provide prompt client service can be used to hackers' advantage, cybersecurity experts warn.
May 01, 2023
Senate Notarization Bill Could Simplify Digital BusinessA California notary group worries it could increase the risk of identity theft.