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Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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NEWSLETTERS & ALERTS
Barclays Adds Safeguards to Email Security After CEO Staley Was Spoofed
It was Wednesday evening, May 10, when Barclays CEO Jes Staley got spoofed by a prankster posing as bank Chairman John McFarlane. The prankster, who had an extended email exchange with the Chief Executive, turned out to be a disgruntled Barclays shareholder.
Earlier that day, Barclays had held its annual meeting – a contentious affair, where some shareholders called upon Staley to resign. Staley was fatigued by the day’s events and hugely beholden to McFarlane for his tremendous support – which apparently left Staley vulnerable to the spoofing email from “email@example.com.”
Going forward, so as to prevent similar embarrassments in the future, Barclays “has decided to activate a warning message whenever an employee sends a message to an external email address on a mobile device, which previously only happened on desktop computers,” according to the Financial Times.