SEC goes after investment adviser for poor cybersecurity

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Image Source: Article

The Securities and Exchange Commission (SEC) settled charges Tuesday with an investment adviser that allegedly failed to properly protect its clients’ data in what might be a first-of-its-kind enforcement action.

Because of the security shortcomings, the SEC alleges, suspected Chinese hackers were able to crack the network of St. Louis-based R.T. Jones Capital Equities Management, accessing roughly 100,000 people’s information.

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