The world’s largest asset manager, BlackRock, accidentally posted information on its iShares ETF website of thousands of its advisor clients, according to a Bloomberg report.
The firm linked to three spreadsheets that reportedly included the names, email address, and iShares assets of thousands of advisors, as well as labels such as “dabbler” and “power user.” There was also a column in the spreadsheet titled “Club Level” that included labels such as “Patriots Club” and “Directors Club.” One sheet reportedly contained 12,000 entries. The sheets were dated from December 5, 2018, but it’s not clear whether they were exposed since then.
Read more: BlackRock now has a higher percentage of technologists than JPMorgan
The New York-based manager deactivated the link to the spreadsheets on Friday.
“We are conducting a full review of the matter. The inadvertent and temporary posting of the information relates to two distribution partners serving independent advisors and does not include any of their underlying client information,” said a statement provided to Business Insider by a company spokeswoman.
While the firm’s inadvertent release of advisor information was potentially online for more than a month, the data breach is minor compared to some of the hacks suffered by companies like Marriott hotels and others last year.
BlackRock’s CEO Larry Fink’s annual letter to companies was released Thursday as well, and called on public companies to fix the world’s problems, arguing corporations have a responsibility to the communities they operate in.
from Viral Update News http://bit.ly/2HmjcqP
0 Comments