Professional liability insurer Beazley announced in its Beazley Breach Insights—July 2016, that small businesses, especially in the financial industry, are experiencing a sharp rise in data breaches during Q1 2016. Notably, among financial institutions, hacking and malware attacks accounted for 43% of all data breaches handled by Beazley. That is compared to 27% in the same quarter…Learn More
The Securities and Exchange Commission announced that a St. Louis-based investment adviser has agreed to settle charges that it failed to establish the required cybersecurity policies and procedures in advance of a breach that compromised the personally identifiable information (PII) of approximately 100,000 individuals, including thousands of the firm’s clients. The federal securities laws require…Learn More
More details are emerging about the cyber security breach at JP Morgan. According to the Wall Street Journal about 76 million households, an amount equivalent to two-thirds of American households, were affected by a cybersecurity attack on the bank this summer in one of the most sweeping disclosed breaches of a financial institution. Seven million small business were also affected.…Learn More
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