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SEC: The Securities and Exchange Commission today announced that Pearson plc, a London-based public company that provides educational publishing and other services to schools and universities, agreed to pay $1 million to settle charges that it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, including dates of births and email addresses, and had inadequate disclosure controls and procedures.
World Bank: Digital transformation is accelerating in many countries, offering new opportunities for economic growth and enabling low- and medium-income countries to leapfrog development through increased productivity and improved service delivery across key sectors, including finance, health, education, and agriculture.
PYMNTS: T-Mobile is investigating claims that sensitive information from 100 million users is being sold on the dark web, Motherboard reported, citing contact with the seller and having seen data samples.
IT Pro: The Financial Industry Regulatory Authority (FINRA) has warned of a new phishing campaign that involves fraudulent emails using domain names pretending to be the financial regulator.
The target: Reindeer, a U.S-based online marketing company.
The take: The exposure of 50,000 records of Personally Identifiable Information including: names, addresses, date of birth, email addresses, Facebook ID’s, and phone numbers.
The attack vector: Reindeer failed to secure this AmazonS3 bucket with any credential management whatsoever, allowing anyone with an internet connection to access the data.
While Reindeer is no longer in operation, the data they held belonged to firms that are currently operating, and this breach highlights not only the necessity of robust credential controls, but also the risks of using third party vendors. Up to date monitoring on where and what systems a firm’s data resides on is essential for maintaining the expected industry standard of cybersecurity.
Bleeping Computer: The Security Service of Ukraine (SBU) took down a network of cryptocurrency exchanges used to anonymize transactions since the beginning of 2021. Over 1,000 "customers" used the clandestine exchanges to launder funds received from Russian electronic payments processors, including Yandex.Money, Qiwi, and Webmoney.
Hedge Week: The implications have been profound as it has become more critical than ever for management firms to offer staff – everyone from portfolio managers to back office teams – the ability to access essential systems remotely.
Markets Insider: Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") announced that it has completed its strategic equity investment in RSA Security LLC ("RSA" or the "Company").
CNN Business: Hackers have stolen some $600 million in cryptocurrency from the decentralized finance platform Poly Network, in what it says is the largest theft in the industry’s history.
FT Adviser: Abrdn's head of adviser platforms has said the company's acquisition of AI-driven investment business Exo Investing will benefit advisers.
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