FINRA’s 2018 Report on Cybersecurity Practices – Preventing “Spear Fishing” and “Whaling” Attacks

The Financial Industry Regulatory Authority's recent report on cybersecurity practices for broker-dealers addresses "spear phishing" – in which the sender researches and targets the recipient with a customized attempt to get confidential information – and “whaling” – in which the sender impersonates a senior executives to get underlings to act, typically to wire funds to specific accounts.