Saturday, September 15, 2007

Ameritrade Database Hacked - 6.3 Million Customers Exposed

Via USAToday.com -

OMAHA — TD Ameritrade (AMTD) said Friday that one of its databases was hacked and contact information for its more than 6.3 million customers was stolen.

Spokeswoman Kim Hillyer said the information included names, addresses and e-mail addresses, as well as "miscellaneous account activity information" such as the number of trades conducted the past six months.

There is no evidence that Social Security numbers, account numbers and birthdates in the database were stolen, she said. Passwords and user identifications were not in the database, client assets "were never touched," and accounts opened after July 18 were not affected, she said.

TD Ameritrade declined to say when it found out about the breach, but said it has been investigating "for some time." It said it learned of a problem after customers reported receiving "spam" offering unsolicited stock tips.

In a video message on TD Ameritrade's website, Chief Executive Joe Moglia said his company "recently discovered and eliminated unauthorized code" from the database, and is confident it knows how the breach occurred.

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