FXCM updates on cybersecurity incident
FXCM updates on cybersecurity incident explained by professional Forex trading experts the “FXCM updates on cybersecurity incident” FX trading team.
FXCM updates on cybersecurity incident
US Forex broker FXCM Inc (NYSE:FXCM) has just filed its Annual Report (10-K) with the Securities and Exchange Commission (SEC), with the document containing details about the company’s financial metrics for 2015 and the renegotiated deal with Leucadia, developments of which LeapRate has already informed you.
The document is interesting in that it also provides additional information on the cybersecurity incident from October 2015.
Back then, FXCM said it was the target of a criminal cybersecurity incident involving unauthorized access to customer information. In addition to fully cooperating with the FBI, FXCM also launched a full investigation, working with a cybersecurity firm.
fxcmlogoIn its 10-K filing, FXCM says that the investigation has been concluded. Based on the investigation, the company identified a small number of unauthorized wire transfers from customer accounts but notes that all funds have been returned to the appropriate accounts and the customers have been contacted. The company did not find any evidence of an ongoing intrusion into its network or that additional customer information had been stolen from its network as part of the incident.
Regarding the costs associated with the investigation of the incident, FXCM estimates these at $700,000 at the end of 2015.
FXCM updates on cybersecurity incident Conclusion
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