Tuesday, November 08, 2005

Hackers empty brokerage accounts

More and more computer hackers are lifting passwords from home PCs and emptying online brokerage accounts. Home PC users are particularly vulnerable since high-speed and wireless connections have made it easier for hackers to get in, and 84 percent of computer users keep sensitive personal information, including financial data, on their home PC.

Securities & Exchange Commission investigators said they are investigating dozens of such schemes at the moment and noted that it is a new and growing area that is more intricate and more complicated than other Internet-related securities frauds - and it is still evolving.

So far, $20 million has been stolen from online brokerage accounts in the last year, but with $1.7 trillion worth of assets in online brokerages, Web investing is a lucrative pursuit for online thieves.

CATEGORIES: 1victims, 1trends, 1hacking, 1fraud
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