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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

2020-07-13T12:54:55-04:00September 16th, 2019|Cyber|

New York State SHIELD (Stop Hacks and Improve Electronic Data Security) ACT

New York State SHIELD (Stop Hacks and Improve Electronic Data Security) will go into Effect March 21, 2020. This gives businesses a little less than nine months to become familiar with it and prepare for it entails. What is the SHIELD Act? The Stop Hacks and Improve Electronic Data Security (SHIELD) Act redefines data security

2020-04-27T10:29:50-04:00July 30th, 2019|Cyber|

Is your email address the new social security number, and what does that mean?

Remember that time when you registered your first email address? For many of you it was probably with America Online (AOL), Echomail, Yahoo, Hotmail, etc. How many of you are still using those accounts today? I venture to say probably a good number of you. I openly admit that I still use an account that

2020-04-27T10:35:22-04:00November 18th, 2018|Cyber|
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