|OnLine Brokerage Acccount Scams on Internet Worry SEC|
|Reuters News Wire (email@example.com)|
Fri, 13 Oct 2006 16:19:56 -0500
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
"It's something we're very concerned about," he said in remarks at a
About 25 percent of U.S. retail stock trades are made by online
Crooks will load a victim's computer or a public PC with a spy program
The program then e-mails the stolen information back to the thief, who
Once inside, the thief may sell off an account's portfolio and take
Public computers in such places as Internet cafes and hotel rooms are
Incursion scams under SEC investigation are far-flung. "We're seeing
The SEC is working to track down the hackers and to educate online
Steps to fight incursions include securing an online account by
To fight a similar problem, U.S. banks are exploring new online
Copyright 2006 Reuters Limited.
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