Hackers Zero In on Online Stock Accounts


Hackers have been breaking into customer accounts at large online brokerages in the United States and making unauthorized trades worth millions of dollars as part of a fast growing new form of online fraud under investigation by federal authorities.

E-Trade Financial Corp., the nation's fourth-largest online broker, said last week that "concerted rings" in Eastern Europe and Thailand caused their customers $18 million in losses in the third quarter alone. Hackers Zero In on Online Stock Accounts - washingtonpost.com

Linked by shanmuga Wednesday, 25th October 2006 10:13PM