Pulse of Truth

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Cyber Security news and links to cyber security stories that could make you go hmmm. The content is exactly as it is consumed through RSS feeds and wont be edited (except for the occasional encoding errors).

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krogoth@infosec.pub

Study suggests SEC visits may be tipping off insiders, leading to stock sell-offs (www.techspot.com)

submitted 1 month ago by lemmydev2@infosec.pub to c/pulse_of_truth@infosec.pub

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New research around stock behavior led by professors from universities across the Midwest took a novel approach. The academics used commercially available mobile phone location data to track devices spending significant time around SEC offices. They then traced those devices traveling to corporate headquarters in the year before the Covid...Read Entire Article

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[–] pelespirit@sh.itjust.works 6 points 1 month ago (1 children)

So the government is capable of higher fines. 3 billion is pretty steep.

In related news, the SEC blocked the use of third-party messaging apps and texts on employee work phones in April, aligning with the standards enforced on the financial industry. The agency has issued $3 billion in fines to firms for failing to maintain adequate records of mobile communications.

[–] ryannathans@aussie.zone 4 points 1 month ago

Collectively $3b, could be a ton of hand slaps