Notable Security Breaches
LPL Financial Customers Speak Out on BranchNet Hack
After the SEC recently censured LPL Financial for not protecting their BranchNet trading system from unauthorized access, I wondered how LPL’s customers felt about the company and the safety of their personal information. I recently had the opportunity to speak to a few of their customers and financial advisers.
Julie Murphy Casserly, a Certified [...]
Determined Thief Steals Cable-Locked Laptop from Canadian Bank
Evan at BreachBlog posted an interesting item about a laptop theft from the National Bank of Canada.
As Evan notes, this is not the kind of theft that we see reported often. The thief entered the company’s offices during regular business hours, entered the office containing the laptop, cut the security cable, and stole the [...]
Hacking of LPL Financial’s BranchNet System a Result of “Reckless Disregard”
Earlier this month, LPL Financial agreed to pay a $275,000 penalty to the Securities and Exchange Commission for failing to fix security vulnerabilities that were discovered in a 2006 internal audit of the company’s security controls. The audit identified that the security controls in LPL’s BranchNet trading system were inadequate, and recommended remediation.
After receiving [...]