Brokerage Firm Fined $375,000 for Unsecured Data

Discussion in 'privacy general' started by ronjor, Apr 13, 2010.

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  1. ronjor

    ronjor Global Moderator

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  2. LockBox

    LockBox Registered Member

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    Although DA Davidson had obtained a security audit two months before the breach, FINRA found that the company had failed to employ adequate security safeguards by not encrypting its customer database and using a default blank password to control access.​


    Thanks for the link, Ron. It just boggles the mind why companies fail to do something so incredibly simple. Encryption of data is just a basic step that can be accomplished with so little money and very little extra time and work. Yet, we continue to see stories like this. I just don't get it.
     
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