Hackers Defraud Online Brokerages
of Millions of Dollars

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Two of the largest e-brokerage firms, E-Trade Financial and Ameritrade, reported this week that computer hacking incidents have resulted in millions of dollars of losses to the firms, which have reimbursed affected customers. Ameritrade said much of the fraud occurred overseas while clients were using public computers; fraud committed against E-Trade customers appeared to be concentrated in Thailand and eastern Europe.

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