All is relatively well
here at Woesnotgone Meadow, where everyone has above average bandwidth.
In the Meadow, we have a
mix of residents. One thing we all have in common is investments. The residents
want to retire in luxury, eat caviar, and travel. To follow this dream takes
one common element-money. Jerry has the Meadow’s investment firm and manages
the funds and futures. Black Rock, Inc. is the world’s largest asset manager.
With this title, it is no wonder the target on the firm.
Black Rock was not the victim
of an attack, per se. This, however, was still an issue. The compromise was due
to human error. Black Rock inadvertently published thousands of advisor’s
confidential client data on its public website. This was in located in three spreadsheets.
These were available via links on the company’s iShares exchange-traded funds.
These links were dated December 5, 2018, however, these may have been posted
earlier. Based on this, the issue was not truly an attack in the real-world
sense, but more of an oversight.
These spreadsheets did not
have an average, boring data. The three spreadsheets did include the financial
advisor’s name and the email addresses for those who purchased Black Rock’s
EFT for their clients. One of the three spreadsheets contained more than 12k
advisors and their sales representative’s information. In another spreadsheet,
the advisor’s were categorized as dabblers or power users. Another column
indicated the financial advisor’s club level as being in the Patriot’s or Director’s
Club, assumptively based on their sales level. Black Rock is reviewing what
happened, which was primarily human error based.
This simple oversight will
provide for many awkward moments in the upcoming months. This is much like the
holidays when your off uncle stops by, and everyone looks. This does appear to
be a simple case of unfortunate human error. When there are sensitive issues
within documents or files, there should be some form of a check, even a short
and simple one, in place. Without this in place, there is an opportunity for
many not-fun future meetings and situations.
Thanks for visiting
Woesnotgone Meadow, where the encryption is strong, and the O/Ss are always
using the latest version.
Resources
Durden, T. (2019, January 19). Black rock accidentally exposes
confidential sales data for thousands of financial advisors. Retrieved from https://www.zerohedge.com/news/201901-19/blackrock-accidentally-exposes-confidential-sales-data-thousands-financial-advisors
Massa, A. (2019, January 19). Black rock exposes confidential data
on thousands of advisors on iShares suite. Retrieved from https://www.msn.com/en-us/money/companies/blackrock-exposes-confidential-data-on-thousands-of-advisors-on-ishares-site/ar-BBSrfx9
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