Share dealers robbed, phishing suspected

Posted by   Virus Bulletin on   Aug 29, 2006

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.

Posted on 29 August 2006 by Virus Bulletin

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