Thursday, July 28, 2005

Investors Warned About Online Accounts

Via TechWeb News.

The National Association of Securities Dealers on Thursday warned investors against using public Wi-Fi connections for accessing online accounts, saying that they pose additional risks of confidential information being stolen by cyber criminals.

The NASD, based in Washington, D.C., issued two formal alerts, one for investors and the other for brokerage firms, offering guidance for protecting personal information.

"The Internet makes life a lot easier for investors on the go, but it also presents them with new and serious security concerns," Robert R. Glauber, NASD chairman and chief executive, said in a statement. "Investors have the responsibility to be vigilant when doing business on-line. But firms also have the responsibility to have the right policies and procedures in place to protect investor records and information."


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