Hackers hit online brokerages

Tuesday, 24 October 2006, 12:03 AM EST

Computer hackers in Eastern Europe and Asia have stepped up fraudulent attacks against customer accounts at U.S. online brokerage firms including E*Trade Financial and TD Ameritrade, according to executives from the companies.

The Federal Bureau of Investigation, the Securities and Exchange Commission and regulators at the NASD are trying to unravel the fraud, which has cost E*Trade of New York at least $18 million and caused losses at Ameritrade of Omaha, Nebraska, the companies said.

At IHT.

[ Read more ]




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