Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Wednesday, April 04, 2007

Are Russians Stealing your 401k?

I saw this story on ABC News and thought I'd pass it along. The upshot is to not log on to your 401k or internet trading account from business centers or hotel computers.

Russian Criminals Targeting U.S. 401ks and Online Traders

Cybercriminal rings in Russia and Eastern Europe have stolen tens of millions of dollars by breaking into and looting U.S. 401k and online stock trading accounts, FBI and SEC officials tell ABC News.

"You could wake up one morning and find all your money in your retirement account or in your trading account is gone," said John Reed Stark, Chief of Internet Enforcement at the Securities and Exchange Commission.


In many cases, American victims have had their user IDs and passwords stolen when they use computers at hotel business centers and other Internet connection points.

Read the rest by CLICKING HERE.
Check out my new gold and energy blog at