Brokerages lose $22 million to hackers in three months

Posted by From the Web

Two American brokerage houses have written off $22 million in fraud losses on their third quarter financials, citing spyware, stolen identities and hacker fraud as the cause.

In a recent Reuters news article, two online discount brokerages have admitted to major losses from hackers stealing their customer's identities and then committing fraud.

Read the complete story here. (Security Focus)