As threats from bad actors become more and more complex and increasingly successful, every organization in the financial industry needs to step up security to make sure that employees, the company, and customers are safe. Studies show that up to 70% of breaches come from stolen passwords. Multi-factor authentication (MFA) has proven to greatly reduce the risks […]

National Institute of Standards and Technology

In my previous post, I discussed how using two-factor authentication will greatly reduce the risks associated with stolen passwords. In this post, I will share a real-world example of a recent incident and how it affects the types of two-factor technologies you should use. In February this year, T-Mobile sent out a press release and a text […]

As part of its regulatory reform and modernization efforts, Securities Industry and Financial Markets Association (SIFMA) submitted a rule change petition to the SEC in November 2017 requesting refinements to the electronic recordkeeping requirements in Rule 17a-4. Colloquially known as the “write once, read many” or “WORM” requirement, the Rule has been in place since the late […]