Industry experts share their takeaways from these incidents on how to avoid making similar mistakes
Two incidents, about seven months apart.
On Aug. 20, the U.S. Securities and Exchange Commission (SEC) settled charges against a New York City transfer agent whose cybersecurity failures cost its public-issuer clients millions via two unrelated incidents.
Equiniti Trust Company, LLC, which previously went by the name American Stock Transfer & Trust Company, LLC (AST) before its summer 2023 merger, agreed to pay $850,000 in civil penalties. The company also accepted a cease-and-desist order and censure “without admitting or denying the findings[.]”
But what led to all of this? We’ll break down these two real-world cybersecurity incidents to understand how they occurred and share insights from our three tech experts on what lessons can be learned from them.
Let’s hash it out.
The post 2 Cyber Incidents That Cost One Company’s Clients $6M+ appeared first on Hashed Out by The SSL Store™.
Article source: https://www.thesslstore.com/blog/2-cyber-incidents-that-cost-one-companys-clients-6m/