Money transfer app Duc exposed thousands of driver’s licenses and passports to the open web
Action Required: Financial advisors should review their current cybersecurity protocols, conduct thorough due diligence on all third-party vendors handling client data, and ensure robust data protection measures are in place for any technology adopted, including AI solutions.
A money transfer app experienced a significant data breach, exposing sensitive client information due to an unsecured server. For financial advisors, this highlights the critical need for stringent cybersecurity protocols and thorough due diligence when adopting any technology, including AI tools, to protect client data and maintain trust.
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