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Global Governance Advisors

What are the Risks of Not Using Secure Messaging?

Posted by Aamani Mohamed on Mar 9, 2020 9:00:00 AM

Between January 24th and May 16th of 2016, a managing director at Jefferies International Limited, shared confidential client information with his peers through the popular instant messaging app, WhatsApp. The intel included but was not limited to the client’s identity, the mandate, and fees Jefferies charged for their involvement in the transaction. Consequently, this director was forced to resign from Jefferies and faced €53,140 in penalty fees.

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Topics: board of directors, GGA, Secure Messaging