SEC Warns Hackers Prey On Brokerage Accounts
Regulators have noted a rise in theft from and unauthorized trading in online brokerage accounts, U.S. Securities and Exchange Commission Deputy Enforcement Director Walter Ricciardi said at a legal conference.
He said the SEC intends to take action before the cyber-attacks become a larger problem.
Online investors make about 25% of U.S. retail stock trades through approximately 10 million online accounts, according to brokerages regulator NASD.
Using underhanded tactics, hackers can get passwords...
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