RE: Invasion of The Stock Hackers

["Gary Funck" <gary () intrepid com>]

Dr. Solly queried:
> What were the safeguards? They aren't mentioned in the article.

Well, I didn't say they were _effective_ safeguards. <g>  This part,

        The New York-based online broker says the wire instructions appeared
        to be legit because they contained the security code the company
        e-mailed to Murty to execute the transaction.

In retrospect, E*Trade needed a better protocol for verifying identity
before accepting the request to transfer money directly into a checking
account.

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