Your Bank Accounts, Brokerage Accounts, Cybertheft

Keeping Swindlers Out of Your Bank and Brokerage Accounts - NYTimes.com: " . . . Data breaches at Target and Neiman Marcus were certainly scary. Personal information from tens of millions of people fell into the hands of cybercriminals. . . equally threatening and perhaps more personal attack is a hacker getting into your email and then using it to take money from your bank and brokerage accounts. It is a problem that is increasing at all wealth levels, from individuals with small investment accounts to family offices that serve the wealthiest clients. Naureen Hassan, senior vice president of client experience at Charles Schwab, which is the largest custodian of independent advisers in the country, said the firm had seen a fivefold increase in email-related fraud over the last two years...."

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4 in 10 US Government Security Breaches Go Undetected

Almost every agency has been attacked, including the Departments of Homeland Security, Justice, Defense, State, Labor, Energy, and Commerce. NASA, the EPA, the FDA, the U.S. Copyright Office...

Report: 4 in 10 Government Security Breaches Go Undetected | Washington Free Beacon: "A new report by Sen. Tom Coburn (R., Okla.) details widespread cybersecurity breaches in the federal government, despite billions in spending to secure the nation’s most sensitive information. The report, released on Tuesday, found that approximately 40 percent of breaches go undetected, and highlighted “serious vulnerabilities in the government’s efforts to protect its own civilian computers and networks....”

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Target Hackers May Be Tough to Find

Bitcoins, Criminals, Stolen Credit Card Numbers --

Experts: Target Hackers Will Be Tough to Find - ABC News: "The underground markets always have a steady supply of card numbers on sale and their locations are always moving as they try to elude law enforcement, says Daniel Ingevaldson, chief technology officer at Easy Solutions Inc., a firm that sells anti-fraud products and tracks the activity of the online black markets. A big jump in inventory usually indicates there's been a breach of a major retailer. That's what Ingevaldson's firm saw in the cases of both Target and Neiman Marcus, which also recently reported a breach. While many of these online bazaars and forums are based in Russia and Eastern Europe, much of the chatter is in English and appears to have been written by Americans, Ingevaldson says. The types of criminals who buy the card numbers run the gamut, ranging from purely online white-collar crooks to street gangs.
"In reality, card numbers can be bought by anybody with access to the forums and a few Bitcoins in their pocket," Ingevaldson says."

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Target Data Breach, Hackers Phishing

Target is trying to limit the damage from a massive data breach. But there are signs that other hackers are trying to take advantage of the original data theft with elaborate "phishing" schemes.

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