Goldman, Others Wise Up To Warning SEC Of Online Threats

Law360, New York (March 4, 2013, 10:06 PM EST) -- Goldman Sachs Group Inc. and Citigroup Inc. on Friday warned investors and the U.S. Securities and Exchange Commission that they were vulnerable to cyberattacks, a move that attorneys say other banks and public companies should consider following, given the regulatory backlash they risk if they fail to make the disclosures.

In their annual SEC reports, the banks said they have been affected by and remain susceptible to “denial of service” attacks that disrupt websites by overwhelming their networks with computer traffic. The banks said they are...
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