Brokerages lose millions in hacker onslaught | CNET News.com
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High-tech crooks using spyware are costing U.S. discount brokerages millions of dollars to repay clients who have been victimized by fraud, the brokerages said in recent days.
The U.S. Securities and Exchange Commission warned earlier this month that scammers were hijacking online brokerage accounts, using spyware and operating from remote locations.
TD Ameritrade Holding on Tuesday became the latest brokerage to confirm the problem. It said it cost $4 million in the third quarter to make whole customers whose accounts had been hacked.
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