Scottrade data breach hits millions of customers
A data breach that recently became known to the online broker Scottrade may have compromised millions of customers. Make sure your data is secure.
An employee of AhnLab Inc. looks at a screen at Security Operation Center in Seoul, South Korea, Thursday, July 9, 2009. Cyber security attacks and data breaches are common in the private and public sectors.
Ahn Young-joon/AP/File
Online broker Scottrade聽聽a data breach that may affect up to 4.6 million of the company鈥檚 customers.
The breach, which聽聽says was brought to its attention by federal law enforcement officials, is believed to have occurred between late 2013 and early 2014. The company says it targeted client names and street addresses.
Sensitive data potentially accessed
In the announcement, Scottrade said it has no reason to believe that the company鈥檚 trading platforms or client funds were compromised; rather, the breach is thought to have focused on client contact information. Scottrade did acknowledge that Social Security numbers, email addresses and other sensitive data were available in the systems that were accessed by hackers.
鈥淲e appreciate and value the trust you place in us,鈥� the company said in its statement on the breach. 鈥淲e are very sorry that this happened and for any uncertainty or inconvenience this has caused. We know that incidents like these are frustrating and we want to keep you informed about what our forensic investigation has revealed.鈥�
Who may be affected
Customers who held a Scottrade account prior to February 2014 may have been affected by the breach. The company is directly notifying everyone impacted, though it says it has not seen any indication of fraudulent activity thus far.
Affected customers will get a year of complimentary identity theft services through AllClear ID. 聽
Affected Scottrade customers are likely to see an increase of spam to any contact information that was compromised. Scottrade said all client passwords remained encrypted. It鈥檚 always a good idea to regularly update account passwords.
Scottrade was founded in 1980 and is a popular brokerage for聽聽due to its $7 trade commissions and large branch network.