iShares website exposes details of about 20,000 advisers
What happened. BlackRock posted sales-related spreadsheets on its iShares website, where they were public for a period before removal, according to Bloomberg. IT Pro reported the data may have been available for more than a month. BlackRock called it human error and said there was no compromise of its systems.
Impact. Names, email addresses and other details, including sales tier labels, of about 20,000 independent advisers, about 12,000 at LPL Financial. No information about advisers’ end clients, per BlackRock. LPL notified its advisers.
Sources: Bloomberg via Wealth Management, 22 Jan 2019 · Bloomberg, 21 Jan 2019 · IT Pro, 21 Jan 2019