Brokerage firm pays $1.5 million due to a cyber attack

Phillip Capital Inc. (“PCI”)., a Chicago-based brokerage firm was ordered to pay $1.5 million dollars due to a cyber attack. Per the CFTC, PCI allowed “cyber criminals to breach PCI email systems, access customer information, and successfully withdraw $1 million in PCI customer funds.” The order also finds that “PCI failed to disclose the cyber […]

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