Hackers costing online brokerages millions of dollars

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Hackers costing online brokerages millions of dollars

10-26-2006, 09:12 AM,

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mandy Offline

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Hackers costing online brokerages millions of dollars

Quote:Government officials have launched investigations into fraud cases that are costing electronic brokerages millions of dollars...

Two of the largest e-brokerage firms, E-Trade Financial and Ameritrade, reported this week that computer hacking incidents have resulted in millions of dollars of losses to the firms, which have reimbursed affected customers. Ameritrade said much of the fraud occurred overseas while clients were using public computers; fraud committed against E-Trade customers appeared to be concentrated in Thailand and eastern Europe...

TD Ameritrade and E-Trade reimbursed customers for their losses in what appears to be an industrywide plague. The trend coincides with data that security software maker Symantec released last month: hackers are increasingly turning their attention to financial services firms...

full article: http://ecommercetimes.com/story/qGMcDAAt...lars.xhtml

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