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How asset management companies are vulnerable to ransomware and phishing attacks on January 21, 2021, 6:18 AM PST Like large banks, these firms hold valuable financial data but often have smaller security budgets and fewer staff, says Digital Shadows. Dmitrii Guzhanin, Getty Images/iStockphoto Asset and wealth management (AWM) companies play an important role in handling finances and investments for different clients throughout the world. For that reason, these firms can be tempting targets for cybercriminals who smell an opportunity to compromise accounts and steal financial data. A report released Thursday by digital risk company Digital Shadows examines why and how AWM companies are vulnerable to cyberattack and how they can defend themselves. ....
“We are assisting the NZ Police cybercrime team to investigate the matter,” Turgis said. It had also consulted with Government agency Cert NZ and the office of the Privacy Commissioner, and was following their recommendations, she said. “We will not be making any further public statements in relation to this.” A police spokesman said its Auckland City Fraud team was not immediately aware of receiving any complaints in relation to the matter. New Zealand authorities generally advise companies against paying ransoms to cyber criminals because it encourages future attacks. Staircase’s website says it has been providing retirement and financial strategies to thousands of New Zealanders since 2001, through the creation of long-term property investment portfolios. ....
Cyberattackers threaten to publish private data allegedly stripped from Auckland finance company stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Cyberattackers threaten to publish private data allegedly stripped from Auckland financial services company stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.