Security News > 2019 > September > Brokerage Firm Hit With $500,000 Data Breach Penalty
![Brokerage Firm Hit With $500,000 Data Breach Penalty](/static/build/img/news/alt/breach-statistics-medium.jpg)
2019-09-16 20:18
Commission Finds That Phillip Capital Made Series of MisstepsThe U.S. Commodity Futures Trading Commission has hit Philips Capital Inc., a Chicago-based brokerage firm, with a $500,000 penalty for security missteps before and after a 2018 data breach, which resulted in the theft of $1 million from client accounts.
News URL
https://www.inforisktoday.com/brokerage-firm-hit-500000-data-breach-penalty-a-13095
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