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Stories of Interest
- Banca IMI Securities to Pay $35Mn for Improper Handling of ADRs in Continuing SEC Crackdown
- Members of White House ‘Arts Panel’ Resign En Masse in Protest of Trump
- FINRA Whiffs on Disciplinary Sanction: Bill Singer's 'Negligent Market Manipulation in OTC Stock Promotion'
- Heather Heyer’s Mother Says, ‘I’m Not Talking to the President’
- Goldman Sachs May Have Lost $100Mn on Energy Bet Gone Wrong
- SEC Drops Case Against Ex-JPMorgan Traders Over 'London Whale'
- Financial Advisers That Invest in Technology Need to Accomplish These Two Things
- FINRA Amends Codes Regarding Expedited Arbitrator List Selection
- FINRA July 2017 Quarterly Disciplinary Review (Podcast)
- Senior Exec in Citigroup's Equities Unit Has Left
- Prudential Plotting its Escape From Fed's Tough Oversight
- Why CEOs Spurned Trump's Business Councils, in Their Own Words
- A Stockbroker, Her LLC, and Her Customers' Loans (Or Investment?) - Bill Singer
- Brian Quintenz Sworn In as CFTC Commissioner
- A Gary Cohn Resignation Would 'Crash the Markets' – Mgmt Guru Jeffrey Sonnenfeld
- Trading Firm DRW to Buy RGM Advisors - As Low Volatility Forces Out Weak HFT Players (subsc reqd)
- Reputational Damage - Rajat Gupta on Hard Road to Recovery
- 7th Circuit Affirms Spoofing Conviction - Bill Singer
- Wells Fargo Announces Board Changes
- Judge Rules Against Ex-Goldman Employee in Fed Leak Case
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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 “firstname.lastname@example.org.”
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.