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What could a hacker actually do though? Buy and sell your own stocks? They aren't just going to allow a transfer of money to some new account without a lot of verifications in place. ANd mine is linked to my bank account where they make sure everything matches up. Thats why there is usually a holding period in place until you can use the money. They also made me use a app that generates a temp password every time I log in, which i get through my phone. They would have to hack my phone at the same time and immediately. I've yet to hear of an account being hacked and money stolen.
It happens at banks all the time to people who don’t track things and wait for paper
What could a hacker actually do though? Buy and sell your own stocks? They aren't just going to allow a transfer of money to some new account without a lot of verifications in place. ANd mine is linked to my bank account where they make sure everything matches up. Thats why there is usually a holding period in place until you can use the money. They also made me use a app that generates a temp password every time I log in, which i get through my phone. They would have to hack my phone at the same time and immediately. I've yet to hear of an account being hacked and money stolen.
Not traditional hacking but through email compromise I saw where a client’s online trading account was accessed. The ********* was placing limit orders on thinly trades securities buying and selling resulting in large losses. All the ********* needed to have was another online account that could take the opposite sides of the trades via similar limit orders and thus taking the gains
I’m not sure why the person who commits “fraud” is a catch word here
Never heard of it happening. You’re going to have to be more specific so we’re comparing apples to apples.
we know many chase accounts that were hacked in to and bitcoins bought ... if you are anti internet and dont get alerts you wont know until you get paper mailings ...
happened to me but i got an alert and chase stopped it . you can google how often hacks on accounts happen .
we know many chase accounts that were hacked in to and bitcoins bought ... if you are anti internet and dont get alerts you wont know until you get paper mailings ...
happened to me but i got an alert and chase stopped it . you can google how often hacks on accounts happen .
Speaking of paper statements the min number of people that touch a piece of mail end to end is somewhere around 7-9 people so that’s a large area for information to get stolen
Yesterday spouse logged onto Fidelity and saw our account balance was $0. He was checking to see if a bank wire had come in. Freaked out a bit. So I logged on (I believed him but double checking is always good). Same $0. 20 years with Fidelity never had this happen.
Called our local account rep. She said they were having technical problems and we were one of several calling in so far. We were calling from 1,000 miles away so not a local internet problem. She logged onto our account and said she saw our portfolio and it was not $0. Later that day it all was normal. Spouse printed out last months statement and will be doing so every month from now on. Just in case.
Re: information stolen and paper statements. When we still got mailed statements (none now-all internet) I did not want our statements delivered to a neighbor by mistake (I've gotten other peoples mail) or missing (there are stories about mail thrown away) so set up USPS P.O.Box (not an independent box place) and had all financial stuff sent there, not person-delivered. I think USPS does a great job (family member is mail carrier) but too much chance of important information getting into wrong hands. Even if someone didn't open it an envelope from a brokerage says "they have money".
Last edited by twinkletwinkle22; 02-20-2020 at 05:29 PM..
Yesterday spouse logged onto Fidelity and saw our account balance was $0. He was checking to see if a bank wire had come in. Freaked out a bit. So I logged on (I believed him but double checking is always good). Same $0. 20 years with Fidelity never had this happen.
When I signed in yesterday, there was a message on the home page that they were experiencing problems. I couldn't access one account for awhile.
Yesterday spouse logged onto Fidelity and saw our account balance was $0. He was checking to see if a bank wire had come in. Freaked out a bit. So I logged on (I believed him but double checking is always good). Same $0. 20 years with Fidelity never had this happen.
Called our local account rep. She said they were having technical problems and we were one of several calling in so far. We were calling from 1,000 miles away so not a local internet problem. She logged onto our account and said she saw our portfolio and it was not $0. Later that day it all was normal. Spouse printed out last months statement and will be doing so every month from now on. Just in case.
Re: information stolen and paper statements. When we still got mailed statements (none now-all internet) I did not want our statements delivered to a neighbor by mistake (I've gotten other peoples mail) or missing (there are stories about mail thrown away) so set up USPS P.O.Box (not an independent box place) and had all financial stuff sent there, not person-delivered. I think USPS does a great job (family member is mail carrier) but too much chance of important information getting into wrong hands. Even if someone didn't open it an envelope from a brokerage says "they have money".
i saw that but i just waited a bit. no freaking out.
one time when i logged into my fidelity account all the numbers had doubled. i felt like a rich guy for a day!
Yesterday spouse logged onto Fidelity and saw our account balance was $0. He was checking to see if a bank wire had come in. Freaked out a bit. So I logged on (I believed him but double checking is always good). Same $0. 20 years with Fidelity never had this happen.
Called our local account rep. She said they were having technical problems ...
I love how companies say "we're having technical problems" as if that were an explanation that makes everything all right.
"Most" hacks are user error. People using the same password on multiple sites, other crappy site gets exposed, perhaps they don't keep hashed passwords properly and now the password is known. Key loggers are another issue that are common. If a hacker has access to your email you are pretty much ****ed.
Two factor is clutch. Alerts are clutch. Using a password manager is very helpful and not using the same password on any site, ever, while at the same time securing your computer you eliminate most of the risk.
Don't use IE. Use something like firefox with no script of Chrome with ublock / Ad Guard will eliminate most issues.
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