What if all these so called 'hacking' is done internally?
While all the attention is diverted by media to outsiders
hacking into the systems, can an insider trade discreetly
using your capital and transfer only the profits slowly
out from like 10 relatively dormant large accts (used by
long term investors,concealing executions on statements)?
What is the turnover rate of employees handling these accts?
27 Oct, Marketwatch.com:
http://www.marketwatch.com/news/story/Story.aspx?guid={FB3B61A9-FB01-4FB8-B454-2A2FC43BDB5C}&siteid=
Regulators say they have seen a particularly strong upswing in theft resulting from two types of scams in the last two months.
Both frauds involve thieves snaring investors' user names and passwords from public computers in places like hotel lobbies or Internet cafes by using keystroke-monitoring "spyware" to grab the information, according to John Reed Stark, the head of the SEC's Office of Internet Enforcement.
One scam involves thieves armed with users' private information liquidating securities and wiring the money to bank accounts, often offshore.
Stark calls the second scam "pump and dump--with a technological twist to it." Again using victims' personal data, hackers steal money to purchase microcap stocks in an effort to drive up their share prices. The shares--already owned by the hackers--are then sold at a profit.
Stark said regulators have "several investigations" ongoing into online investing-related fraud.
While all the attention is diverted by media to outsiders
hacking into the systems, can an insider trade discreetly
using your capital and transfer only the profits slowly
out from like 10 relatively dormant large accts (used by
long term investors,concealing executions on statements)?
What is the turnover rate of employees handling these accts?
27 Oct, Marketwatch.com:
http://www.marketwatch.com/news/story/Story.aspx?guid={FB3B61A9-FB01-4FB8-B454-2A2FC43BDB5C}&siteid=
Regulators say they have seen a particularly strong upswing in theft resulting from two types of scams in the last two months.
Both frauds involve thieves snaring investors' user names and passwords from public computers in places like hotel lobbies or Internet cafes by using keystroke-monitoring "spyware" to grab the information, according to John Reed Stark, the head of the SEC's Office of Internet Enforcement.
One scam involves thieves armed with users' private information liquidating securities and wiring the money to bank accounts, often offshore.
Stark calls the second scam "pump and dump--with a technological twist to it." Again using victims' personal data, hackers steal money to purchase microcap stocks in an effort to drive up their share prices. The shares--already owned by the hackers--are then sold at a profit.
Stark said regulators have "several investigations" ongoing into online investing-related fraud.
and I got sympathy for you chief ...