FrontLine’s industry guidance on “credential stuffing” cyber threat featured (InvestmentNews)

FrontLine’s alert on this regulatory hot topic details the SEC’s concern with a type of hack known as “credential stuffing,” identified by the SEC during its exams of firms. This cyber-attack has caused the loss of customer assets and allowed unauthorized access to customer information. Criminals use stolen credentials, which are used to log into web-based systems of firms to access client funds. Amy Lynch, FrontLine’s Founder and President, urges firms to be on their guard for this new cyber risk and to take action on updating policies and monitoring practices. View the full ComplianceAlert, “New Cybersecurity Threat Identified by OCIE” See InvestmentNews, “SEC warns of ‘credential stuffing’ cyberattacks”