Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Scottrade says victim of hackers who targeted financial firms

Published 10/02/2015, 03:34 PM
Updated 10/02/2015, 03:38 PM
© Reuters.  Scottrade says victim of hackers who targeted financial firms
EXPN
-
TMUS
-

(Reuters) - Discount broker Scottrade said on Friday that it was the victim of a cyber attack from late 2013 to early 2014 that compromised client names and addresses in a database with information on some 4.6 million customers.

The firm said it learned about the attack from federal law enforcement officials who were investigating the theft of data from Scottrade and other financial services firms. The company did not identify other potential victims. FBI officials could not be reached for comment.

News of the attack comes a day after Experian Plc (L:EXPN) disclosed a breach that compromised sensitive data of some 15 million people who sought to open accounts with T-Mobile US Inc (N:TMUS).

The two incidents, announced on the first two days of the U.S. government's Cybersecurity Awareness Month, are a stark reminder of the challenges businesses face in getting ahead of hackers following a string of massive breaches in recent years.

Scottrade said on its website that its trading platforms and client funds had not been compromised.

"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 company said.

Scottrade said it planned to offer customers identity theft protection services, had hired a computer forensics firm to investigate the attack, secured the intrusion point and beefed up network defenses.

Scottrade spokeswoman Shea Leordeanu declined to say if investigators had identified who was behind the attacks.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.