DataBreaches.Net

Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report
Menu

Financial Tracking Technologies denies any breach involving SEC staff brokerage data

Posted on October 20, 2011 by Dissent

Because reputation is important and because I covered accusations by the SEC that their contractor, Financial Tracking Technologies, LLC, improperly disclosed staff personal stock account data to a subcontractor or subcontractors, it seems only right to publish FTT’s response denying the allegations:

With respect to the notice that the SEC provided to employees, Financial Tracking Technologies, the provider of automated compliance software relied upon by top financial institutions across the globe, assures SEC employees and all of its users that no breach of systems resulting in any misuse of personal data occurred.

Tony Turner, Managing Principal of Financial Tracking Technologies said, “We understand that the SEC decided to notify its employees regarding certain access to our system by a reputable sub-contractor. That access was authorized and was subject to our supervision and monitoring at all times, and the data within our system — including SEC employee data — remained under our control at all times. No data left our system, and, as the SEC indicated, there is no evidence of any misuse of any data. We are working with the SEC to address any concerns that it may have, and we remain committed to continuing to provide appropriate protections to safeguard our systems and our customers’ information.”

Turner stated further, “There were several inaccuracies being propagated. The first of which was that there was no prior notice of a third party vendor. In an effort to always provide full disclosure and transparency, our long-term software developer was featured in our formal, bound proposal, as well as in subsequent Business Continuity Plans, SAS70 and IT Security documents, all of which are distributed to clients. It is unfortunate that a former consultant created an incident where none ever existed nor could exist.”

About Financial Tracking Technologies, LLC

Founded in 1999, Financial Tracking is the proven leader in automated compliance software (patents pending) with modular features. The SEC is a client. Financial Tracking has over 1,200 software interfaces with third parties such as prime brokers, custodians, broker/dealers, portfolio accounting and trade order management systems, allowing seamless data integration and rapid onboarding. Companies using its software include money managers, hedge funds, regulators, mutual funds, fund of funds, broker/dealers and private equity firms.

SOURCE: Financial Tracking Technologies, LLC

Related posts:

  • Biotectix hacked, defaced for #OpBigBrother
  • Victims of W-2 phishing scams (2017 list)
  • White House issues executive order in wake of WikiLeaks reports
Category: Breach IncidentsFinancial SectorSubcontractor

Post navigation

← Wells Fargo responds to breach report involving mail collation error
UK: Data breaches ‘up 58%’ →

Now more than ever

"Stand with Ukraine:" above raised hands. The illustration is in blue and yellow, the colors of Ukraine's flag.

Search

Browse by Categories

Recent Posts

  • Ex-student charged with wave of cyber attacks on Sydney uni
  • Detaining Hackers Before the Crime? Tamil Nadu’s Supreme Court Approves Preventive Custody for Cyber Offenders
  • Potential Cyberattack Scrambles Columbia University Computer Systems
  • 222,000 customer records allegedly from Manhattan Parking Group leaked
  • Breaches have consequences (sometimes) (1)
  • Kansas City Man Pleads Guilty for Hacking a Non-Profit
  • British national “IntelBroker” charged with causing $25 million in damages; U.S. seeks his extradition from France
  • France issues press statement about arrest of ShinyHunters members
  • Patients Allege Home Delivery Pharmacy Failed to Timely Notify Them of Data Breach
  • Hackers breach Norwegian dam, open valve at full capacity

No, You Can’t Buy a Post or an Interview

This site does not accept sponsored posts or link-back arrangements. Inquiries about either are ignored.

And despite what some trolls may try to claim: DataBreaches has never accepted even one dime to interview or report on anyone. Nor will DataBreaches ever pay anyone for data or to interview them.

Want to Get Our RSS Feed?

Grab it here:

https://databreaches.net/feed/

RSS Recent Posts on PogoWasRight.org

  • Microsoft’s Departing Privacy Chief Calls for Regulator Outreach
  • Nestle USA Settles Suit Over Job-Application Medical Questions
  • NY Attorney General James Affirms Hospitals Must Provide Access to Emergency Abortion Care
  • How Internet of Things devices affect your privacy – even when they’re not yours
  • Sky Views Personal Data as a Potential Weapon in IPTV Piracy War
  • Florida Used a Nationwide Surveillance Camera Network 250 Times To Aid in Immigration Arrests
  • Federal Court Strikes Down HIPAA Reproductive Health Care Privacy Rule

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Contact Me

Email: info[at]databreaches.net

Mastodon: Infosec.Exchange/@PogoWasRight

Signal: +1 516-776-7756

DMCA Concern: dmca[at]databreaches.net
© 2009 – 2025 DataBreaches.net and DataBreaches LLC. All rights reserved.