Online hackers, fraud, etrade, ameritrade, etc.

Quote from RedDuke:

i do not understand why more companies do not implement token IDs. By the way, these device batteries are good for years. As a precaution, you can order a new token once a year or replace battery.
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I used to use one at my old sales job, worked very well. They called it a key fob.
 
I also think/hope that the government can ratify standards for corp firewall security. It's disguisting that the nothing happens to companies with inferior security and the victims pay thousands in lawyer fees to defend themselves many times :mad:

I am referring to ppl leaving laptops in cars with SS #'s without encryption, poor firewalls etc. My last customer, before starting this adventure, was a credit union. He said they got over 1000 hits a day on the firewall coming from Eastern Europe. Maybe those guys could go work for their commrade at Google and stop hacking?:D
 
Quote from dandxg:

I also think/hope that the government can ratify standards for corp firewall security. It's disguisting that the nothing happens to companies with inferior security and the victims pay thousands in lawyer fees to defend themselves many times
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:confused: Not sure what you are talking about. Have you read anything that says that the firewalls at these brokerages were breached leading to these cases of fraud? I am pretty sure that they are all due to poor security by the brokerage customers, not caused by poor security of the brokerages themselves.

In terms of security tokens, they definitely work but consider what its going to be like when you have ten different fobs for all the financial institutions that you have accounts with. Not so handy any more. They occasionally drift out of sync with the servers that they authenticate against requiring some customer service to get them working again. Just imagine if that happens when you are trying to login fast to catch some market event.

Also I can't speak for all of them but the RSA SecurID tokens cost a heck of lot more then $10 each (even in quantity) and do not have user-replaceable batteries
 
Quote from GTS:

:confused: Not sure what you are talking about. Have you read anything that says that the firewalls at these brokerages were breached leading to these cases of fraud? I am pretty sure that they are all due to poor security by the brokerage customers, not caused by poor security of the brokerages themselves.

In terms of security tokens, they definitely work but consider what its going to be like when you have ten different fobs for all the financial institutions that you have accounts with. Not so handy any more. They occasionally drift out of sync with the servers that they authenticate against requiring some customer service to get them working again. Just imagine if that happens when you are trying to login fast to catch some market event.

Also I can't speak for all of them but the RSA SecurID tokens cost a heck of lot more then $10 each (even in quantity) and do not have user-replaceable batteries
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No I am not trying to point the finger at anyone directly. I am speaking in generalities to much reported stories of major companies and gov inst. have security breeches where consumer info is stolen. According to theorg. post from Don, it looks clear that fault lies on the broker on this one. It just seems to be all to common today, corp security breeches.. You hear a corp bs apology and maybe we will pay for credit watch programs for a year if you are lucky. I would quote the facts, but they have come from many CNN/Fox news stories I have heard over the year whilst trading.
 
On 12-5-07 I responded to a mail offer by Etrade which guaranteed a $25 bonus if I opened an account with as little as one dollar. I filled out the application form which included my SS# and sent it in with a one dollar check. Not having received any acknowledgement, I called Etrade today and was told they had no record of the application.
So my personal check with my signature and my SS# is out there somewhere, a perfect combo for identity theft. And I can't hold Etrade accountable since I have no account with them.
This is just a warning to other trusting suckers out there.
Watch out!
 
Quote from alabar:

On 12-5-07 I responded to a mail offer by Etrade which guaranteed a $25 bonus if I opened an account with as little as one dollar. I filled out the application form which included my SS# and sent it in with a one dollar check. Not having received any acknowledgement, I called Etrade today and was told they had no record of the application.
So my personal check with my signature and my SS# is out there somewhere, a perfect combo for identity theft. And I can't hold Etrade accountable since I have no account with them.
This is just a warning to other trusting suckers out there.
Watch out!
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heh..so you got f**ed,when you trying reap $25 for a buck...they got you good, because you are stupid and greedy..you should stay away from trading anyway, because of those two factors above...it's a sign for you..
What’s wrong with to check etrade website directly and check, if such offer exists? what’s wrong with checking email address of this message? where is it from? what’s wrong with call to etrade to verify this offer? how about checking financial status of the firm, if you planning to have business with them? since you send them a dollar, it's looks like you have no intention to trade at all. from trader prospective it's looks like very poor risk/reward trade, when you have to sacrifice your ALL personal information for 25 bucks..
you just got what you deserved..

http://finance.yahoo.com/q/bc?s=ETFC&t=2y
 
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