Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
The U.S. Securities and Exchange Commission said Wednesday hackers broke into its electronic document storage system last year.
The hackers may have traded on information they found, the SEC said.
SEC chairman Jay Clayton issued a long statement Wednesday about the SEC’s cybersecurity.… Continue Reading
There is an evident shift in fraud typologies away from traditional real world frauds, such as card skimming, fraudulent documents, social engineering, etc., toward cyber frauds, such as cyber intrusion, phone cloning, malware and fake apps (mal-apps).… Continue Reading
Yahoo said in a securities filing Wednesday that employees knew in late 2014 a state-sponsored hacker entered its network and stole names, birth dates, and encrypted passwords for more than 500 million accounts.… Continue Reading
Let’s start this discussion with: Know the business.
In addition to knowing their regulatory-reporting obligations, compliance officers should understand what their managers do, what products and services their company offers and the systems that sustain these products and services.… Continue Reading
The compliance profession has seen a significant transformation in responsibility, accountability and technology since the financial crisis erupted in 2008.
Along with that transformation has come greater pay and status, and as well as the challenge compliance officers face of adapting their firms to these transformations and keeping leadership involved.… Continue Reading
In the past few months, The Atlantic, the New York Times, and Time magazine have all featured stories on professional reinvention — changing course at some point during one’s career.… Continue Reading
On September 15, the SEC’s Office of Compliance Inspections and Examinations (OCIE) issued a new cybersecurity risk alert. In it, the SEC reemphasized its intention to conduct a second phase of cybersecurity examinations of investment adviser firms.… Continue Reading
A St. Louis-based investment adviser has settled SEC charges that it lacked an adequate cybersecurity plan before a data breach that compromised personal information of about 100,000 individuals, including thousands of the firm’s clients. … Continue Reading
Target, Sony, JP Morgan Chase, Home Depot, Neiman Marcus, Anthem and others have already reported significant security breaches. So it’s not surprising that the federal government and states are becoming increasingly aware of the need for strong data protection laws and their enforcement.… Continue Reading
The United States Court of Appeals for the Third Circuit unanimously affirmed the Federal Trade Commission’s authority to bring legal action against companies that fail to employ reasonable cybersecurity measures to protect non-public consumer data.… Continue Reading
At Duke’s law school Thursday in Durham, North Carolina, Leslie Caldwell, the chief of the DOJ’s criminal division, talked about international crime and enforcement. She covered the fight against cybercrime, kleptocrats and their assets, Libor rigging, sanctions offenses, human trafficking and child exploitation, and corruption.… Continue Reading
Conmen have withdrawn money and made bank transfers worth around €500,000 using account codes from duped Finnish victims, mainly females, through a phishing scheme, the Helsinki Times reported Saturday.
Since police first reported the scheme a month ago, law enforcement agencies have managed to recover about €190,000 for the victims.… Continue Reading
