[ISN] Hackers compromised LPL security

From: InfoSec News <alerts_at_private>
Date: Wed, 9 Jul 2008 03:49:24 -0500 (CDT)

By Bruce Kelly
Investment News
July 8, 2008

For the second time in a year, LPL Financial has experienced a major 
technology snafu, this time reporting that hackers "compromised" the 
logon passwords of 14 financial advisers and four assistants.

The hackers' goal was to use the passwords to gain access to customer 
accounts in order to "pump and dump" penny stocks.

The incidents, which began last July, affected 10,219 clients, 
Boston-based LPL said in a letter dated May 6 to Maryland Attorney 
General Douglas F. Gansler.

Valuable private client information was at stake, Keith H. Fine, senior 
vice president and associate counsel of LPL wrote in the letter, as the 
hackers potentially could get their hands on clients' unencrypted names, 
addresses and Social Security numbers.


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Received on Wed Jul 09 2008 - 01:49:24 PDT

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