Oct 24, 2006 -- Criminals hacking into brokerage accounts
Criminals recently hacked into Executive Producer Christas brokerage account and shes not the only one. Customers from TD Ameritrade, eTrade and Charles Schwab have all been hit. How is it happening? Criminals are hacking into accounts and stealing all of your money within three days. The scary part is that there is no protection under federal law if your brokerage account is compromised. So, youve got to wake up. If you dont check your brokerage account very often online, just get paper statements. Never go online. Or, if you check a lot, make sure its at least twice a week. That way you can see if it has been tampered with. Also, dont use a general use computer at a hotel or public location. Crooks are installing key-stroke programs on these machines so they get your passwords and financial information. When accessing your brokerage account, do so from your home computer. And, if possible, do business with a company that has sophisticated login and security procedures.
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