Zurich Insurance Group announced that Peter Giger will join the Group on October 1, 2019, as Group Chief Risk Officer and a member of Zurich’s Executive Committee.
This summer, more than one million Capital One clients had their information breached, furthering the financial sector’s infamous reputation of being the most breached industry with 35 percent of all data breaches.
A Chicago-based futures brokerage will pay $1.5 million for letting cyber criminals breach the firm’s email systems and withdraw $1 million from a customer’s account.
Further investigation on Paige A. Thompson, the hacker accused of causing the Capital One data breach, has determined that Capital One wasn’t her only victim. She appears to have stolen sensitive data from more than 30 other companies.
The Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets Inc. $1.25 million for failing to conduct timely or adequate background checks on approximately 10,400 non-registered associated persons spanning a seven-year period.
Risk quantification has long been an imperative topic for security leadership, but now more than ever, boards of directors and C-Suite executives are acutely invested in how their organizations are performing from a security risk perspective.
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