You probably haven’t thought about this if you are privately owned. You might not even heard about it. Effective September 5th, publicly traded companies have four business days to disclose a material breach. That disclosure, on a form 8-K, will be publicly available on the SEC’s EDGAR public company reporting site. The same place they […]
Continue reading → [DISPLAY_ACURAX_ICONS]If this seems hyperbolic, it may not be. In December 2020 the US Securities and Exchange Commission (SEC) charged Ripple, who provides infrastructure for cross-border payments and also its executives with conducting a 1.3 billion dollar unregistered security offering. The core of this is whether their XRP cryptocurrency is a security. Ripple has been fighting […]
Continue reading → [DISPLAY_ACURAX_ICONS]Signal Provides Customer IP Address to Swiss Police While police all over the world complain about the universe going dark on them, that is only true to an extent. Proton maintains no logs, but they can capture data in real time. In this case they received an order from the Swiss Federal Department of Justice, […]
Continue reading → [DISPLAY_ACURAX_ICONS]For Financial Service firms, the message is clear. Both FINRA and the SEC are looking over your shoulder to make sure that you are taking cyber security seriously. And the fines are not small. From hundreds of thousands to millions of dollars, firms big and small are getting whacked with fines. In 2014, the SEC […]
Continue reading → [DISPLAY_ACURAX_ICONS]The SEC and Investment Adviser R.T. Jones (RTJ) came to an agreement last week regarding a breach that RTJ had. R.T. Jones, an investment advisor in St. Louis with about 8,000 clients, has agreements with retirement plan administrators to offer investment advice to participants in those plans via the web. To log in to the […]
Continue reading → [DISPLAY_ACURAX_ICONS]Last week the SEC released what they call a Risk Alert to Investment Advisors and Broker-Dealers saying that they were concerned about the protection of client information because of recent attacks and attempted attacks against the financial community. In the alert, they laid out the very particular concerns they have in 6 specific areas and […]
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