20,000 Financial advisors, including 12,000 from LPL, had their email addresses, names, and other information exposed in a data leak at BlackRock last week, as first reported by Bloomberg.
The company in a statement said that a limited number of wealth management platforms were impacted by the breach. The exposed advisors for BlackRock and LPL also included classifications based on their performance (club level, chairman‘s club, et al).
The breach was due to human error, and that there was no security breach.
LPL according to Bloomberg had another data breach at a vendor firm, Capital Forensics.
Cybersecurity is among the top concerns for investment managers in 2019.