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Industry News: ESG5

    IFAs Warned Not to Reply to 'Fake' FCA Authorisation Email

    2020-03-18

    Citywire: A compliance expert has issued a warning after a number of advice firms received a scam email purporting to be from the FCA.The email, seen by several financial planners and passed to New Model Adviser, claims to be from an FCA employee in the ‘claims and firm-authorization' department, and includes a request for a letter to be certified by the recipient, by the end of the working day. The letter is not attached.

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    Cathay Pacific Fined £500,000 Over Customer Data Protection Failure

    2020-03-04

    BBC: The UK watchdog said the airline's computer systems had exposed details of 111,578 UK residents and a further 9.4 million people from other countries. These included names, passport details, dates of birth, phone numbers, addresses and travel history. "Appropriate security" was not in place between October 2014 and May 2018.

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    UK Readies ‘National Cyber Force’ To Tackle Terrorists, Hostile Nations

    2020-02-27

    Silicon: The cyber force of hackers is due to be launched later in the spring, after many months of delays and turf wars between the Ministry of Defence and GCHQ, the Guardian newspaper reported.

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    FCA Admits Revealing Personal Details of 1,600 Consumers in Data Breach

    2020-02-25

    Evening Express: The Financial Conduct Authority (FCA) revealed the personal details of complainants on its website in response to a Freedom of Information (FOI) request, meaning the data was accessible by anyone between November 2019 and February this year.

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    Cybersecurity and Cannabis ETFs Launched by Former LGIM Team

    2020-02-18

    CityWireSelector: An ETF specialist boutique launched by four former Legal & General Investment Management (LGIM) employees has unveiled two thematic ETFs as it seeks to capitalise on future trends.

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    Nedbank Says 1.7 Million of its Clients May Have Been Hit by a ‘Data Incident’

    2020-02-13

    Business Insider: A company that sends out SMSes and emails on Nedbank’s behalf may have been hit by a data breach. The “data security incident” may have released the names, ID numbers, telephone numbers, physical and/or email addresses of 1.7 million Nedbank clients.

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    London Hedge Funds' Websites Cloned as Scammers Grow Bolder and More Ubiquitous

    2020-02-13

    Reuters: Some of London’s top hedge funds and asset managers are among those that have been targeted by rogue internet operators who clone their names and websites in an attempt to part unsuspecting investors from their cash.

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    Personal Data of All 6.5 Million Israeli Voters Exposed by Security Flaw in App

    2020-02-11

    CNN: A security flaw in a mobile app used primarily by Prime Minister Benjamin Netanyahu's Likud party exposed the personal data of every eligible voter in Israel just three weeks before a national election.

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    IT boss Stole £500k from City Firm Before Splashing Out on Diamonds, Holidays and Cottage Conversion

    2020-02-06

    Evening Standard: Anthony Murrell, 44, siphoned off the money from Legal and General Investment Management over three years, buying non-existent computer cables and paying the money to a fake company in his wife’s name. 

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    Avast Pulls Plug on Jumpshot After Data Privacy Scandal

    2020-01-30

    Financial Post: Avast allegedly collected data on what many of its users did online and sent it to Jumpshot, which then offered to sell the information to clients, media reports said. Avast denied the allegations and began a review.

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