TOTAL: {[ getCartTotalCost() | currencyFilter ]} Update cart for total shopping_basket Checkout

Daily Dashboard | CFTC orders financial firm to pay $1.5M for data breach Related reading: ICDPPC calls for increased global cooperation as conference begins

rss_feed

""

ZDNet reports the U.S. Commodity Futures Trading Commission has imposed a $1.5 million fine on Phillip Capital for matters related to a data breach. PCI was found to be negligent with its handling of a data breach in February 2018 and failed to issue data breach notifications to customers in a timely manner. The fine consists of a $500,000 penalty and $1 million to compensate affected customers. "While it may not be possible to eliminate all cyber threats, CFTC registrants must have adequate procedures in place — and follow those procedures — to protect their customers and their accounts from potential harm," CFTC Director of Enforcement James McDonald said.
Full Story

Comments

If you want to comment on this post, you need to login.