Saturday, October 14, 2006

Crooks hijack online brokerage accounts

WASHINGTON (Reuters) -- High-tech crooks are hijacking online brokerage accounts using spyware and operating from remote locations, sometimes in Eastern Europe, U.S. market regulators said on Friday.

The computer "incursions" are a growing problem, said Walter Ricciardi, deputy enforcement director at the U.S. Securities and Exchange Commission.

"It's something we're very concerned about," he said in remarks at a legal conference in Washington.

About 25 percent of U.S. retail stock trades are made by online investors through roughly 10 million online accounts, according to brokerages regulator NASD.




0 Comments:

Post a Comment

<< Home

Search Engine Submission and Search Engine Optimization

Disclaimer: This website may include stock market analysis. Any ideas or opinions expressed by us is for informational purposes. Trade at your own financial risk as we assume no responsibility for your investing decisions in the markets. Blogarama - The Blogs Directory BlogRankers.com Business Blog Top Sites TopBlog.ws - Top 
Blog, Directory and Search Engine <