News from ZDNet:

Summary:Fraud is costing investors dearly at a time when cyber insurance is beginning to matter.

CNET Over half of US brokerage and investment firms have been targeted by scams designed to trick them into releasing client funds, regulators say.

Research released by the US Securities and Exchange Commission (SEC) suggests that over half of brokerage companies in the United States have received phishing emails and fraudulent messages aimed at tricking them into wiring away client money. As reported by the Wall Street Journal, the SEC’s survey (.PDF……….. continues on ZDNet.

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