Cybersecurity
Get the latest news and insights on cybersecurity regulations affecting financial advisors, broker-dealers, RIAs and others in the financial services industry.
Life and Annuity Tech Firm IMS Reports Breach Affected 6.1M People
By Allison BellFor some clients, the records lost included Social Security numbers, payment card information and medical treatment information.
June 20, 2024
MOVEit Cyberattack Suits Could Get a FrameworkThe data security breach affected more than 26 million users' life insurance, annuities and retirement savings programs.
May 29, 2024
Merrill Employee Error Causes Walmart 401(k) Data Breach"We are not aware of any misuse of the personal information disclosed," Merrill's parent said.
May 28, 2024
Hacking Group Claims It Stole Wealthy Clients' Data From Christie'sThe group posted the information and suggested it would publish the entire trove in early June.
May 22, 2024
Interactive Brokers Notifies 600 Clients of Data BreachThe breach, disclosed May 16, involved an unauthorized party gaining access to an employee's email account.
May 17, 2024
RIAs, BDs Must Tell Clients About Data Breaches: SECA new rule amendment requires firms to notify clients within 30 days if private data has been compromised.
April 30, 2024
The Biggest Threat to Life and Annuity Issuers Is Not the DOL Fiduciary RuleRecent massive cyberattacks have made clear that the industry needs better ways to verify clients' identities — now.
April 26, 2024
SEC Probing Firms Hit by Massive MOVEit CyberattackThe agency has dispatched dozens of sweep letters to companies affected by the hack, which affected 2,770 organizations.