Most Read
- SEC Short Sale Rule Could Create a Bubble in Financial Stocks
- Wall Street Outsourcing to New, Exotic Corners of the Globe
- Analytics Help Firms Turn Data Into Opportunity
- Cisco Global Exchange Study Ranks Latency Among Top Success Factors in Competitive Race
- DTCC, Markit to Create Single Point of Derivatives Confirmation
- BlackRock To Acquire Analytics Software Company
- NYC Financial Firms to Get New Disaster Recovery Data Center in Pennsylvania
- Deutsche, Merrill Reveal Recession-Proofing IT Strategies
New Security Alert: TD Ameritrade suffers Data Breach, Over 6.3m Records Stolen
TD Ameritrade Holding Corp said contact information for more than 6.3 million customers was stolen after one of its databases was hacked into.
The online broker apologized to its clients and said the breach stemmed from unauthorized code in its systems that allowed hackers to access an internal database. The discovery – and elimination of the unauthorized code – was made by the brokerage following an internal investigation of stock-related SPAM.
Hackers were able to access names, addresses, e-mail addresses and phone numbers belonging to retail and institutional clients.
But TD Ameritrade, which has hired ID Analytics, an identity and risk management solutions provider, to investigate and monitor for potential identity theft, said there was no evidence more sensitive information such as account numbers, date of birth and social security numbers were taken.
Further, the brokerage said client assets held in accounts with the company remain secure as UserIDs, personal identification numbers and passwords were not stored in this particular database.
TD Ameritrade posted a notification of the breach on its web site on Friday. The company is currently cooperating with the FBI on the matter.
"While the financial assets our clients hold with us were never touched, and there is no evidence that our clients' Social Security Numbers were taken, we understand that this issue has increased unwanted SPAM, which is annoying and inconvenient for them," Chief Executive Joe Moglia said in a statement.
"We sincerely apologize for that and any added concern this may have caused."
Ameritrade said it is confident that it identified how this information was taken and has changed its computer code enough to prevent the theft from happening again.
It added that any new client who opened an account after July 18 was not affected.
The broker pointed out that the issue, of course, is not unique to TD Ameritrade.
"It's something that all companies involved in e-commerce should be aware of and prepared to address," Moglia said. "We participate in industry peer groups to share information on these types of threats in the interest of protecting all clients."
TD Ameritrade said its clients should know that no special actions are required of them with regard to their accounts, “other than to continue remaining alert in guarding their personal information.”
Posted by Melanie Rodier at 03:59 PM
This is a public forum. CMP Media and its affiliates are not responsible for and do not control what is posted herein. CMP Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.
Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of CMP Media LLC and may be edited and republished in print or electronic format as outlined in CMP Media's Terms of Service.
Important Note: This comment area is NOT intended for commercial messages or solicitations of business.
Greg MacSweeny Columns
Greg MacSweeneyIn a Matter of Months, CIOs’ Agendas Turned Upside Down
Early in the summer of 2007, Wall Street was counting its good fortune. In early summer 20...
Former CIO Gavazzi Launches Risk Alert Provider
Where Are They Now? Life After Wall Street
Where Are They Now? Mitchel Lenson, Former Deutsche Bank Group CIO
Larry Tabb Columns
Larry TabbClearing and Settlement Top-of-Mind for Front-Office Execs
In addition to the excitement in the U.S., the real focus is occurring in Europe, where th...
Risk Management IT Comes to the Forefront in the Wake of Subprime Credit Crisis
In a Tumultuous Economy, Wall Street Must -- and Will -- Find a New Model
CHECK THIS OUTNovell Real Time Linux Webcast SeriesIn order to succeed, companies must be able to respond quickly, deliver superior value and quality of service, and carefully manage their costs. In this series of brief webcasts, you will learn how SUSE Linux Enterprise Real Time from Novell enables organizations to respond quicker by delivering low latencies, deliver increased value with fast response times, and better manage costs. |
EventsLive Events:Accelerating Wall Street 2 October 02, 2008 Buy-Side Trading Summit 2008 November 16-18, 2008 |
White PapersLevel 3 Connectivity KitStay ahead of the bandwidth curve. The Level 3 Connectivity Kit provides full resources to help you make informed decisions regarding your network infrastructure. Download the Data Center Networking Strategies for Financial Services Firms White Paper; Business Class Ethernet: Trends in Perspective eBook and BC/DR Best Practices for the Data-Intensive Enterprise Gartner Webcast Surviving and Thriving in a Challenging Market Learn how financial services firms can use customer-centric strategies and tools to maximize client value and loyalty, gain insight into new opportunities, and do more with less, counteracting market volatility. |
Marketplace |
Career CenterReady to take that job and shove it?
|
Most Recent Job Posts:
* Lowe's seeking Manager of IT Research in Mooresville, NC
* Hebrew Senior Life seeking Senior Informatics Analyst in Roslindale, MA * UCLA seeking Programmer/Analyst IV in Los Angeles, CA * T-Mobile seeking Program Manager 3 in Snoqualmie, WA * Comcast seeking Tier 4 CRAN Network Engineer in Chelmsford, MA For more tech jobs in the industry, visit Wall Street & Technology's Career Portal. |









