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Voya pays $1 million to settle SEC charges over 2016 cybersecurity breach

Posted on September 26, 2018 by Dissent

Ryan W. Neal reports:

Voya Financial Advisors will pay $1 million to settle Securities and Exchange Commission charges regarding a data security breach that compromised the personal information of thousands of customers.

An SEC order says that over a period of six days in April 2016, criminals impersonating independent advisers called the firm’s support line and requested new passwords. The passwords gave the intruders access to the personal information of 5,600 Voya Financial customers, the SEC alleges.

The imposters used this information to create new online customer profiles. They also obtained access to three customers’ account documents.

Read more on Investment News.

Category: Business SectorHackU.S.

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