Hackers Zero In on Online Stock Accounts

Hackers have been breaking into customer accounts at large online brokerages in the United States and making unauthorized trades worth millions of dollars as part of a fast-growing new form of online fraud under investigation by federal authorities.

E-Trade Financial Corp., the nation's fourth-largest online broker, said last week that "concerted rings" in Eastern Europe and Thailand caused their customers $18 million in losses in the third quarter alone.

Another company, TD Ameritrade, the third-largest online broker, also has suffered losses from customer account fraud, but a spokeswoman declined to quantify the amount yesterday. "It is an industry problem," spokeswoman Katrina Becker said. "It does continue to grow."

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