01.16.20
FINRA, SEC Warn of Ongoing Cyber Threats
by: Jeff Berman
Broker-dealer firms continue to face cybsersecurity threats on multiple fronts, according to compliance experts from FINRA and the SEC who spoke at the FINRA Cybersecurity Conference on Tuesday. “We've seen the gamut of compromises,” including phishing and other types of attacks, Salvatore Montemarano, an examiner in the SEC's Office of Compliance Inspections and Examinations, told attendees. Gregory Markovich, FINRA principal IT risk and controls examiner, warned attendees, "Fraudsters have really good knowledge of financial services processes and practices.”
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