Hack may have hit 4.6 mln online brokerage customers

Image
AFP Washington
Last Updated : Oct 03 2015 | 2:22 AM IST
US online brokerage firm Scottrade said today it was notifying some 4.6 million customers about a hack into its database which could have leaked private information.
Scottrade said in a statement it was notified of the incident by US federal officials who "recently informed us that they've been investigating cybersecurity crimes involving the theft of information from Scottrade and other financial services companies."
The company said it believes that "the illegal activity involving our network occurred between late 2013 and early 2014, and targeted client names and street addresses."
"Although Social Security numbers, email addresses and other sensitive data were contained in the system accessed, it appears that contact information was the focus of the incident," the statement said.
"We have no reason to believe that Scottrade's trading platforms or any client funds were compromised. Client passwords remained fully encrypted at all times and we have not seen any indication of fraudulent activity as a result of this incident."
Scottrade said it was working with "a leading computer security firm" to assess the impact of the breach and strengthen its network.
It said it was notifying customers of the hack "as a precaution."
The news comes one day after T-Mobile said 15 million customer records may be been leaked in an attack on credit monitoring bureau Experian, and follows a series of other high-profile incidents involving corporate and government databases.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 03 2015 | 2:22 AM IST

Next Story