Cybersecurity News Alert: SEC Infiltration EDGAR System Hack

January 16, 2019

On Tuesday January 15th, the U.S. Securities and Exchange Commission (the “SEC”) announced that it charged nine defendants in an alleged hack of the SEC’s EDGAR system. The hackers allegedly infiltrated the SEC EDGAR system and extracted nonpublic information to use for illegal trading, ultimately profiting $4,135,015 in the process.

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Cybersecurity Vulnerability Alert – Microsoft Windows

January 9, 2019

Microsoft Windows Alert: Microsoft has recently identified a vulnerability in its Windows products. The vulnerability could allow a local attacker to elevate privileges on the targeted Windows-based system. A successful attack would require user-level access and would allow the attacker to execute arbitrary code with escalated privileges and compromise the system entirely.

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Nathan Ford Joins Drawbridge Partners Executive Management Team as Partner

January 8, 2019

Former Eze Castle Integration Executive Director to lead Drawbridge Partners continued expansion   Drawbridge Partners today announced that Nathan Ford has joined the cybersecurity consulting firm specializing in the needs of the financial services vertical, as Partner. In this new role, Mr. Ford will be responsible for supporting the continued growth, team build out, and…

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Cybersecurity Risk Alert – NFA

January 7, 2019

The National Futures Association (“NFA”) recently amended the NFA Compliance Rules 2-9, 2-36, and 2-49: Information Systems Security Programs. The amendments address three areas originally covered in the 2016 Interpretive Notice and go into effect on April 1, 2019. The amendments are as follows: Cybersecurity Training Previously, the NFA required employee cybersecurity training upon hire and periodically…

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Cybersecurity Vulnerability Alert – Cisco

December 27, 2018

Cisco Cybersecurity Alert: NOTE: This vulnerability affects Cisco ASA Software that is running on any Cisco product that has web management access enabled.

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Cybersecurity News Alert – Microsoft

December 21, 2018

Microsoft Internet Explorer Alert: On Wednesday December 19th, Microsoft released a critical security update for Internet Explorer after receiving a report about a new vulnerability being used in targeted attacks. The browser’s vulnerability could allow an attacker to gain the same user rights as the current user. If that user has administrative rights, the attacker…

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Cybersecurity News Alert – U.S. Securities and Exchange Commission (the “SEC”)

December 20, 2018

SEC Cybersecurity News Alert: On Thursday December 20th, the U.S. Securities and Exchange Commission (the “SEC”) released the examination priorities for 2019. The SEC has shifted their examination priorities from years past in an effort to adapt with emerging risks, but cybersecurity continues to remain a top priority for the SEC. The SEC will be…

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December 20, 2018

Cybersecurity News Alert December 2018: On December 20th, the Financial Industry Regulatory Authority (“FINRA”) released a report detailing the effective cybersecurity practices and common risks observed during recent examinations. The report focused on the following key areas: Branch Controls Phishing Attacks Insider Threats Penetration Testing Mobile Device Security Branch Controls: Maintaining rigorous cybersecurity controls are a…

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Press Release: Drawbridge Partners Teams with CrowdStrike to Provide Industry-leading Incident Response Services to Alternative Investment Vertical

December 11, 2018

Stamford, CT – Drawbridge Partners, LLC today announced a partnership with CrowdStrike to provide incident response and proactive services within the Drawbridge Partners Cybersecurity offering. The financial services vertical is under heightened scrutiny by both investors and regulators to make sure they have a strong cybersecurity program in place. A good foundation can be built…

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Nearly one-third of firms face up to 10 cyber attacks – Business Insurance

November 20, 2018

A report by U.K.-based Sapio Research found that more than 30% of local financial firms suffered up to 10 cyber attacks in the last 12 months, reported. The report found that financial firms experienced an average of five attacks apiece. Nearly half of IT executives said that small businesses do not know how to…

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“Tech Talk: Drawbridge Partners” – HFM Global

October 30, 2018

HFMTechnology recently spoke with Drawbridge’s Managing Partner, Jason Elmer, who provided his insight and expertise on the exceptional benefits of providing global cyber-security practices in the Alternative Investment space. “We saw a gap in the marketplace for alternative investment managers that were looking for a cyber-security partner who was well-versed on the ins and outs…

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Press Release: RootSecure Selected by Drawbridge Partners to Power Cybersecurity Consultancy

October 18, 2018

Drawbridge Partners, LLC engages in a partnership with RootSecure to power its cybersecurity services offering. The entire RootSecure portfolio will be utilized as part of the Drawbridge Partners Cybersecurity offering. With new legislation, frameworks, and guidelines being imposed on the financial industry, it’s never been more important to adopt a more diligent stance with matters of…

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Lessons From the SEC’s First Red Flags Rule Settlement – The Cybersecurity Law Report

October 10, 2018

SEC’s First Red Flags Rule Settlement: Broker-dealer Voya’s $1-million settlement with the SEC for alleged violations of the Safeguards Rule and the Identity Theft Red Flags Rule shows that the SEC is willing to act when it believes firms could have done more to prevent attacks. “The SEC expects companies to not only have in…

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Cybersecurity News Alert – SEC

September 26, 2018

SEC Cybersecurity News Alert: Today, the Securities and Exchange Commission (SEC) announced that a Des Moines-based broker-dealer and investment adviser has agreed to pay $1 million for its failures in cybersecurity policies and procedures surrounding a cyber-breach.

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Cybersecurity Risk Alert – Facebook

September 25, 2018

Facebook Cybersecurity Risk Alert: On Tuesday September 25th, Facebook discovered a security breach affecting approximately 50 million users. Attackers exploited a vulnerability in the “View As” feature of Facebook, which allows users to view their profile from the perspective of another user. As a result of the exploit, the attackers stole Facebook access tokens, which…

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