And… the compensation for this is a free equifax/transunion report. Maybe a letter of corporate apology. As per usual, no real compensation, and no real consequences.
Gooner-Kissinger on
context? Which brokerage got breached, this article is leaving me with more questions than answers
burnabycoyote on
> the result of a sophisticated phishing attack
Translation – some idiot at the office forget the most basic of security measures. Never give out passwords on the phone, in email, in a video call. The word „sophisticated“ has no meaning in this context, but it shifts the blame away from the organization.
ClubSoda on
Passwords are so 1990s. Everybody, turn on MFA. You are a lot safer once you can provide real time evidence you are who you purport to say who you are. And don’t lose your phone.
BobGuns on
A CIRO breach literally just a few months ago leaked ADVISOR information. Nobody was fired. Advisors (*the kind of people who take great care to keep an eye on their own credit score)* were offered the same bullshit (free credit monitoring, literally useless for most of them).
This one is leaking CLIENT information.
CIRO’s a behemoth of a regulator and it’s got a stranglehold on investment broker licenses. It needs new leadership now; especially some leadership that understands the internet. CIRO firms basically have to pay for 3rd party companies to monitor the behaviour of their advisors online. But they can’t keep their own bloody systems secure.
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And… the compensation for this is a free equifax/transunion report. Maybe a letter of corporate apology. As per usual, no real compensation, and no real consequences.
context? Which brokerage got breached, this article is leaving me with more questions than answers
> the result of a sophisticated phishing attack
Translation – some idiot at the office forget the most basic of security measures. Never give out passwords on the phone, in email, in a video call. The word „sophisticated“ has no meaning in this context, but it shifts the blame away from the organization.
Passwords are so 1990s. Everybody, turn on MFA. You are a lot safer once you can provide real time evidence you are who you purport to say who you are. And don’t lose your phone.
A CIRO breach literally just a few months ago leaked ADVISOR information. Nobody was fired. Advisors (*the kind of people who take great care to keep an eye on their own credit score)* were offered the same bullshit (free credit monitoring, literally useless for most of them).
This one is leaking CLIENT information.
CIRO’s a behemoth of a regulator and it’s got a stranglehold on investment broker licenses. It needs new leadership now; especially some leadership that understands the internet. CIRO firms basically have to pay for 3rd party companies to monitor the behaviour of their advisors online. But they can’t keep their own bloody systems secure.