Prime Rate Credit

Well, I knew it was only a matter of time before hackers began targeting another more popular and increasingly lucrative market in their n’er to well scams to steal people’s money online by hacking their credit card numbers and personal information and many times stealing identities so they can drain your accounts.

Now, apparently hackers are targeting the online investing community. I’ve notice increasing attempts by both my 401k company’s website and my independent investment firm’s website, Sharebuilder.com, have put security measure in place to make sure you are not at risk from hackers.

They want you to make sure you exit your browser after you log out of your online session with the financial site, as well as take precautions against fraudulent emails from hackers saying they are the company in an attempt to get you to log in to some fake site and tricking you into entering important information that if in the wrong hands could wreack havoc on your financial accounts.

According to the SEC, or the Securities and Exchange Commission, these hackers are going even further now, illegally trading millions of dollars in stocks and other tradeable investments, and they are costing the industry a lot of money.

It’s the same story again and again, also with credit cards - how often do you hear about friends having their credit card info ripped off and getting charged for things they never bought? It’s enough to make you only get those prepaid credit cards sometimes! The companies aren’t the only ones losing on this internet stock trading hacking going on either, the consumers are, but the companies are saying they are tracking it and refunding consumers money where it is due.