Investors faced a serious online security scare when Zack Investment Research, a private investment research firm, reported a data breach in June 2020. The breach resulted in the loss of personal and financial data belonging to thousands of investors.
In the wake of the data breach, Zack Investment Research has been investigating the incident and offering support to affected customers. Since the breach, investors have faced an increased risk of fraud and cyber extortion from malicious hackers and have been advised to take extra precautions to protect their digital assets.
This incident is yet another example of the importance of having strong cyber security protocols in place for investment research firms. Zack Investment Research is not the only firm to suffer a data breach, and investors should take additional steps to safeguard their financial data and personal information online. Moreover, digital security experts suggest that firms should be proactive in their efforts to mitigate the impacts of cybercrime.
Investors should be aware of the various techniques used to steal personal data and digital assets, such as phishing attacks, malware, and ransomware. Investment research firms should also audit their networks regularly, use two-factor authentication whenever possible, and implement other security measures to prevent a data breach from occurring.
In conclusion, the Zack Investment Research data breach serves as a warning to all investors to stay vigilant online and to take extra steps to protect the safety of their financial data, digital privacy, and personal information. Although this incident is concerning, investors can take solace in the fact that security measures can be taken to protect their assets from potential breaches.
This Cyber News was published on securityaffairs.com. Publication date: Thu, 26 Jan 2023 10:39:02 +0000