Financial Services
Financial Advisor Duped, Then Fined
A financial advisor with mega-bank UBS was fired and fined after falling for a Phishing scam. In October 2018, William Darby received a legitimate-looking email requesting a sizable cash disbursement from a large client's account. It was later determined that the client's email account had been hacked, and Mr. Darby
Hacker Steals $1mm in Venture Capital Funding
A promising Israeli startup was about to celebrate closing an investment round with a prominent VC firm. A China-based had different plans for that money. The attacker stole the $1 million investment, via a well-crafted man-in-the-middle attack. "Chinese hackers managed to hijack $1 million in seed money during a wire
Is Cyber Insurance Failing?
A client of one of the country's largest insurers may be out $6 million after a successful email spoofing campaign from suspected Chinese hackers. In a potentially precedent-setting case, insurance giant AIG is aggressively fighting a lawsuit brought by its client, SS&C Technologies. "Hackers fleeced SS&C
IRS - Taxes. Security. Together.
In response to the overwhelming number of attacks on tax professionals, the IRS convened its Security Summit to provide guidance to the industry on cyber security and data protection. Out of this year’s summit, the IRS and partners developed the “Taxes-Security-Together Checklist.” All of the elements in the Checklist
