Thieves raid online accounts in penny stock scam

Friday, 9 March 2007, 12:00 AM EST

Unidentified thieves hacked into dozens of accounts at seven leading online brokerage firms, sold the customers' assets and used the money to buy penny stocks the thieves had previously purchased in an attempt to run up their prices, the Securities and Exchange Commission alleges in a complaint filed Tuesday.

This is the third such case the SEC has filed since late December and by far the largest. The thieves made at least $732,941 in illicit profits and the seven brokerage firms lost more than $2 million attempting to make their customers whole, the SEC says.

At SFGate.

[ Read more ]




Spotlight

How to talk infosec with kids

Posted on 17 September 2014.  |  It's never too early to talk infosec with kids: you simply need the right story. In fact, as cyber professionals itís our duty to teach ALL the kids in our life about technology. If we are to make an impact, we must remember that children needed to be taught about technology on their terms.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  

DON'T
MISS

Thu, Sep 18th
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //