Report: TD Ameritrade data leak started in 2005

Report: TD Ameritrade data leak started in 2005

Summary: TD Ameritrade received warnings that its data leak disclosed recently in early 2006, indicating the actual leak occurred much earlier. According to Network World, which obtained emails indicating TD Ameritrade knew of the issue, an IT security expert warned the online broker starting in Jan.

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TOPICS: Big Data
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TD Ameritrade received warnings that its data leak disclosed recently in early 2006, indicating the actual leak occurred much earlier.

According to Network World, which obtained emails indicating TD Ameritrade knew of the issue, an IT security expert warned the online broker starting in Jan. 9, 2006.

The warning detailed how the data leak was resulting in a barrage of unwanted spam to customers. TD Ameritrade detailed the breach on Sept. 14, more than 20 months later.

In the Network World report, TD Ameritrade defended the delayed disclosure adding that the company didn't know how information was leaking.

Network World includes the email trail and notes that the lawsuits over the incident may pile up.

One thing is clear: This incident is a definite black eye for a company that had a relatively pristine IT image until now.

Topic: Big Data

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  • Not a fan of TD Ameritrade!

    I hadn't been a customer of TD Ameritrade in over 5 years, but last week I get notified that my data may have "leaked". They claimed that they conducted an investigation that showed this leaked data had not been used for identity theft and then suggested that I monitor my credit reports for suspicious activity. Gee, THANKS FOR NOTHING. They kept my data for YEARS after I quit them, let it get compromised, and then TELL ME TO WATCH MY CREDIT REPORTS. When some of my wife's data was "leaked" last year (IIRC, by Wells Fargo), they set her up with a free year of credit monitoring/fraud watch service as a token gesture. We still weren't happy about the situation, but that spoon full of sugar did help the medicine go down. Ameritrade needs some fines and oversight!!
    bmgoodman