Brokers better invest in cyber security — or else

Protect your clients’ data — or you’ll pay.

Brokers who don’t invest in cyber security face stiffer fines in 2016 as part of a stepped-up enforcement strategy, Wall Street’s self-regulating cop told The Post on Tuesday.

The potential for millions of dollars in fines is part of a “broken windows” policy, Richard Ketchum, the chief executive of the Financial Industry Regulatory Authority, said, alluding to the policy under which city police forces put an emphasis on smaller issues to prevent them from growing into larger problems.

Read full article on The New York Post…


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