BlackRock Exposes Confidential Data on Thousands of Advisers on iShares Site

Discussion in 'other security issues & news' started by hawki, Jan 19, 2019.

  1. hawki

    hawki Registered Member

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    "BlackRock Exposes Confidential Data on Thousands of Advisers on iShares Site

    BlackRock Inc., the world’s largest asset manager, inadvertently posted confidential information about thousands of financial adviser clients on its website.

    The data appeared in three spreadsheets, linked on one of the New York-based company’s web pages dedicated to its iShares exchange-traded funds. The documents included names and email addresses of financial advisers who buy BlackRock’s ETFs on behalf of customers. They also appeared to show the assets under management each adviser had in the firm’s iShares ETFs...

    Securing data is known to keep Wall Street leaders awake at night. But most often, senior executives cite a fear of hackers, which has prompted some of the nation’s biggest banks to pour upwards of $1 billion a year into cybersecurity. It’s one area where financial firms set aside bitter rivalries, sharing tips and collaborating on projects to ensure the public remains confident in the industry -- and that it never suffers a catastrophic loss..."

    https://www.bloomberg.com/news/arti...data-on-thousands-of-advisers-on-ishares-site
     
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