Cybersecurity
Get the latest news and insights on cybersecurity regulations affecting financial advisors, broker-dealers, RIAs and others in the financial services industry.
January 16, 2025
As Wire Fraud Claims Rise, Advisors May Find They Aren’t Properly InsuredAn advisory firm needs to protect itself to ensure that it isn’t on the hook for these liabilities.
January 14, 2025
Ex-Intern Waged Smear Campaign Against Raymond James, Suit AllegesPhony email campaigns suggested two employees were convicted rapists with neo-Nazi ties, the firm's defamation suit says.
January 10, 2025
Fake WisdomTree Execs Duped Over 1,000 Investors: LawsuitThe fraudsters falsely claimed they hosted a conference with Fidelity, Goldman, BlackRock and Vanguard, WisdomTree's lawsuit contends.
December 27, 2024
How Advisors Can Protect Clients From Instant Payment FraudScams using Zelle and other platforms are on the rise. Here's what advisors can do.
October 24, 2024
Lawsuit: Schwab, BofA Failed to Protect Older Couple Scammed Out of $18.5MA fraudster persuaded an 84-year-old Schwab customer to transfer millions of dollars to outside accounts, the suit says.
October 22, 2024
Globe Life Reports Extortion Threat Involving Customer DataGlobe Life launched its own investigation and also is working with law enforcement.
October 22, 2024
Banks Brace for Era of Consumer Data SharingThe CFPB says bank clients will be able to demand, download and transfer their highly-coveted data to other financial firms for free. The final rule should cover checking accounts, credit cards and digital wallets, but not mortgages, student loans or car loans.
October 10, 2024
Fidelity Reports Data Breach Hitting 77,000 ClientsA third party opened two Fidelity accounts and used them to obtain customers' personal data, the company says.
October 07, 2024
Wells Fargo Client Sues Over Data BreachThe bank discovered the breach in July; a lawsuit alleges the it waited three months to notify customers.
October 04, 2024
How Advisors Plan to Use Tech to Boost Growth: SchwabAdvisors are interested in the potential of AI but have been slow and deliberate with implementation, Schwab finds.