NEWS / MEDIA

September 2020 – Dr. Pierson comments on Leaked FinCEN Reports that Reveal Sensitive Security Details

September 2020 – Dr. Pierson comments on Leaked FinCEN Reports that Reveal Sensitive Security Details

Doug Olenick of BankInfoSecurity reached out to BlackCloak’s CEO Dr. Chris Pierson to comment on, “Leaked FinCEN Reports Reveal Sensitive Security Details.”

According to the article, “The leaked documents describe how five major banks, – JPMorgan Chase, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon – were allegedly involved in handling the flow of money between individuals and groups that may have been acting in a criminal manner, according to BuzzFeed and other media reports. Experts note that suspicious activity reports, or SARs – which form the heart of many of the leak-derived reports being released this week by media outlets – contain a great deal of sensitive information that might be weaponized by criminals or nation-states.”

“SARs can contain information on databases used to track IP addresses, intelligence-enhancing tools, client ‘know your customer’ effectiveness and other tools and techniques that could allow adversaries to study this information and work around controls that were once private and now are exposed,” Pierson tells Information Security Media Group.

Read the full article here: https://www.bankinfosecurity.com/leaked-fincen-reports-reveal-sensitive-security-details-a-15031

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