The Office of Compliance Inspections and Examinations (OCIE) Released a cybersecurity alert on July 10th 2020, to warn financial services market participants and local authorities of recent threats of phishing.
These attacks have been specifically targeted towards SEC registrants, which include broker-dealers, investment advisers, and investment companies. These threats are campaigns designed to attack financial institution networks and allow the perpetrators access to internal resources. Once the attackers gain access to the internal resources, they then deploy ransomware, therefore prompting those attacked to pay (ransom) to re-access their own compromised resources.
To protect your business the OCIE recommends monitoring the recent alerts released by The Department of Homeland Security Cybersecurity and Infrastructure Security Agency (CISA). On June 30th CISA published an alert related to the recent ransomware attacks.
It is encouraged that you share this information with your cybersecurity provider. If you may need further assistance, Vigilant is happy to help.
Feel free to contact us with any questions or concerns.
The Team at Vigilant