FrontLine’s alert on industry cybersecurity threat profiled (Security Magazine)

FrontLine Compliance’s recent alert details the SEC’s concern with a type of hack known as “credential stuffing,” identified by the regulator during exams of firms. This cyber-attack involves stolen credentials, which are used to log into web-based systems of firms to access client funds. Firms need to be aware of this new risk type and take action to update policies and to monitor for it. View the full ComplianceAlert, “New Cybersecurity Threat Identified by OCIE” See Security Magazine, “New cybersecurity threat – Credential stuffing”