Exclusive: BDSwiss Employee Data Allegedly Stolen, Investigations Pending

Sources with knowledge of the matter state that some data from a personal laptop have been stolen.

According to sources with knowledge of the matter, who have been in contact with Finance Magnates, data files of an employee of forex and binary options brokerage BDSwiss have been accessed via his stolen laptop. The contents of the information have purportedly not been related to the company’s database and the information which has been accessed is personal.

Official authorities are claimed to be aware of the issue and have purportedly started investigations into the matter with three different jurisdictions already involved. In the meantime some reports claiming that the company’s database has been accessed illicitly have been quickly removed. There is no evidence to suggest that corporate data has been accessed during the theft.

July “Flash Drive” Case

Back in July, Cypriot press and Finance Magnates have reported that a female brokerage employee was detained by Limassol police. The incident was connected to the sale of proprietary customer information from one brokerage to a third party.

The reports stated that the management team of the brokerage identified the prospective risks after spotting that an employee copied the data to an external flash drive. The company informed official authorities, which staged an exchange with the employee, promising to pay her €6,500.

The employee was then arrested after a meeting with an official posing as a competitor who was interested in the proprietary information.

Client data protection for brokerages is typically associated with online security, however physically stolen documents can also present vulnerability risks.

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