The U.S. Securities and Exchange Commission (SEC) recently reached a settlement with Equiniti Trust Company, formerly known as American Stock Transfer & Trust, following two separate cyber intrusions that resulted in the loss of $6.6 million in client funds. Equiniti has agreed to pay $850,000 to settle charges that it failed to implement sufficient cybersecurity measures to protect its clients' assets.
The cyber intrusions occurred in 2022 and 2023 when hackers exploited vulnerabilities in Equi
