Share dealers robbed, phishing suspected
Canadian stock-trading association warns of security breaches.
The Investment Dealers Association of Canada (IDA), a national regulatory organisation, has released an urgent press
release warning its members of several breaches of security, involving online users' accounts being accessed and used
in fraudulent deals.
The victims' stock portfolios were sold and account credit used to buy other shares. It is thought the deals were part
of a scheme to artificially inflate stock prices. How account security was broken has yet to be discovered, but
theories include phishing scams, spoof websites and keylogging trojans. Reports of similar scams have also been
reported in the US.
Read the IDA's press release (in PDF)
here, and see more on the
scare here or
here.
29 August 2006
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