Breaking News

Brokerages face fraudulent wire-transfer requests from cybercriminals, SEC finds

More than half of brokerages have received fraudulent wire-transfer requests from cybercriminals using stolen email addresses, according to a survey by the Securities and Exchange Commission. In many cases in which the firm lost money, employees failed to follow client-verification procedures. View SIFMA’s Cybersecurity Resource Center.

InvestmentNews (10/16)

Ad