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Hacked investment firm says hack intended as a launch pad

Posted on July 26, 2010 by Dissent

Attorneys for Resnick Investment Advisors in South Carolina have notified the New Hampshire Attorney General’s Office that in June 2010, the investment firm’s network was breached. The breach was discovered on June 22, and the means of attack identified and reported to the FBI.

An investigation into the incident reportedly indicated that the breach did not result in any client files being accessed or downloaded, and the firm notes that its security measures prevent downloading of any files. Based on an investigation by their IT service provider, the firm believes that the motive was not to access, alter, or acquire any client records but to use Resnick’s corporate identity to launch a malicious attack on another entity.

The firm began sending out notifications to its clients last week and offered them free credit monitoring services for a year.

Updated 8-12-10: Resnick’s attorneys sent an update to the NH Attorney General’s Office that they had identified 6 other residents, all minors, whose parents or guardians were being notified of the incident.

Category: Breach IncidentsFinancial SectorHackU.S.

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