The cyber intruders impersonated VFA contractors over a six-day period in 2016. (Photo: Getty)
The Securities and Exchange Commission said Wednesday that a Des Moines-based broker-dealer and investment advisor has agreed to pay $1 million to settle charges for cybersecurity failures that led to a cyber intrusion that compromised thousands of customers' personal information.
The SEC charged Voya Financial Advisors Inc. with violating Regulation S-P or the Safeguards Rule and the Identity Theft Red Flags Rule, which are designed to protect confidential customer information and protect customers from the risk of identity theft.
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