Statement on cyber risk, investment threats related to the conflict in Ukraine

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FRANKFORT, Ky. — The following is a statement from Marni Rock Gibson, Director of the Securities Division, Kentucky Department of Financial Institutions, related to the conflict in Ukraine.

During this time of troubling international conflict, the Department of Financial Institutions cautions investors and securities firms to be vigilant about increased threats from cyberattacks and potential investment scams.

“Difficult times can bring out the best in people, but as regulators, we know from experience that there are bad actors looking to exploit crises to perpetrate scams on unsuspecting investors,” said Marni Rock Gibson, Director of DFI’s Securities Division. “Investors and firms alike should make sure they are taking the steps necessary to safeguard financial information and are on the lookout for potential investment scams.”

The department offered the following tips for investors.

  1. Be skeptical of investment…

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