Exclusive: BDSwiss Employee Data Allegedly Stolen, Investigations Pending

According to sources with knowledge of the matter, who have been in contact with Finance Magnates, data files of an employee of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term 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 Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term 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.