via BeSpacific: FINRA Report on Cybersecurity Practices, February 2015 – Executive Summary: Like many organizations in the financial services and other sectors, broker-dealers (firms) are the target of cyberattacks. The frequency and sophistication of these attacks is increasing and individual broker-dealers, and the industry as a whole, must make responding to these threats a high priority….
Category: Financial Sector
U.S. Shifts Focus of Morgan Stanley Breach Probe
Justin Baer reports: Federal authorities are probing whether a hacker is behind the online publication of a cache of Morgan Stanley ’s client data—and not the financial adviser who was fired in connection with the breach, people familiar with the matter said. This latest twist raises the possibility that the incident is connected to larger…
CAVIRTEX shutting down following security issues
Katherine Fletcher reports: Canadian Bitcoin exchange CAVIRTEX announced Tuesday that it is ceasing operations next month following a possible security breach. The Calgary-based company will cease trading on March 20 and stop processing withdrawals on March 25, reported the Georgia Straight. CAVIRTEX said that on Sunday, “we found reason to believe that an older version of…
Bank Hackers Steal Millions via Malware
David E. Sanger and Nicole Perlroth report: …. In a report to be published on Monday, and provided in advance to The New York Times, Kaspersky Lab says that the scope of this attack on more than 100 banks and other financial institutions in 30 nations could make it one of the largest bank thefts…
White Plains bank teller convicted of ID theft (updated)
Jane Lerner reports: A teller at a White Plains bank was convicted Tuesday of stealing customer data and selling it to an identity-theft ring. Nadia Figueroa, 24, of the Bronx, faces between two and six years in state prison following her felony grand larceny conviction in Westchester County Court in White Plains. […] Figueroa admitted…
HSBC insider breach: Fallout continues for private banking clients and the bank
The HSBC data theft by their former employee Hervé Falciani is finally getting a lot of mainstream media attention here, with 60 Minutes doing a segment on Falciani last night (video). The computer files, which Falciani shopped to a number of governments, reveal that HSBC, one of the largest banks in the world, profited from its…