Financial Firms Face Growing Risk Of Hackers

Law360, New York (November 9, 2010, 4:18 PM EST) -- Whether it involves stealing insider information, breaking into customers' accounts to trade stocks or just looting money, computer hacking in the financial sector is an ever-changing — and worsening — threat that requires constant vigilance, experts say.

The threat of a breach can leave financial institutions large and small vulnerable to not only big losses, but also investigations, lawsuits and enforcement actions that come down on lax computer security measures.

“We've seen some cases where broker-dealers themselves have been found by either the [U.S. Securities and...
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