Scottrade breach affects roughly 4.6 million clients

Scottrade is notifying approximately 4.6 million clients that illegal activity occurred on its network and personal information may have been compromised.
Scottrade is notifying approximately 4.6 million clients that illegal activity occurred on its network and personal information may have been compromised.

Scottrade is notifying approximately 4.6 million clients that illegal activity occurred on its network and personal information may have been compromised.

Unauthorized access to the network was gained for several months between late 2013 and early 2014, and the incident may have affected anyone who had a Scottrade account prior to February 2014, a notification and FAQ explained.

“We have no reason to believe that Scottrade's trading platforms or any client funds were compromised,” the FAQ said. “Based upon our internal investigation and information provided by the federal authorities, we believe a list of client names and street addresses was taken from our system.”

Social Security numbers, email addresses and other data was on the affected system, but Scottrade does not believe that information was being targeted. The FAQ noted that all client passwords remained encrypted at all times.

Affected clients are being offered a free year of identity protection services.

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