Regulatory and Judicial Enforcement of “Reasonable Security”
April 19, 2010 – 7:43 am
On April 12, 2010, Brokerage firm D.A. Davidson & Co. was hit by The Financial Industry Regulatory Authority (FINRA) with a $375,000 fine due to a 2007 data breach. The breach potentially impacted 192,000 customers and involved social security numbers, dates of birth and other confidential information. In what has been for years now a fairly common occurrence, the firm [...]