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Greg MacSweeney
Greg MacSweeney
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The Top 9 Most Costly Financial Services Data Breaches

The recent data breach involving MasterCard and VISA card information is only the latest in a string of hacks and thefts that have cost financial institutions multimillions of dollars. Here are the biggest most recent data breaches.
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Nasdaq

Type: Hack
Cost: Unknown


Not all breaches target massive quantities of customer data. Notably, attackers breached Directors Desk, a cloud-based Nasdaq system designed to facilitate boardroom-level communications for 10,000 senior executives and company directors. By monitoring Directors Desk, attackers may have had access to inside information, which they could have sold to competitors or perhaps used to make beneficial stock market trades. Following the hack, federal investigators criticized Nasdaq's security, saying the computers were running out-of-date software and some firewalls were improperly configured.

Information Source:
Wall Street & Technology

 

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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