BlackRock’s data leak hits 20,000 advisers
The leak was due to human error, not a cyber-attack and with ‘no security breach’
New York — A data leak revealed last week at BlackRock exposed names, e-mail addresses and other information of about 20,000 advisers who are clients of the asset manager, including 12,000 at LPL Financial, the largest US independent broker dealer. “BlackRock inadvertently posted a small number of sales-related documents, which were up for a short period of time, and promptly removed,” the company said on Monday in an e-mailed statement. “The information related to a very limited number of wealth management platforms impacting approximately 20,000 independent advisers in the US.” LPL informed advisers over the weekend that BlackRock posted details about some of them on its website. The leak affected advisers who do business with BlackRock’s iShares exchange-traded funds (ETF) unit. “After being informed by BlackRock of this issue, our first priority was to reach out to our advisers to make them aware of the situation and share the details we had learned,” Jeffrey Mochal, a spokesman...
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