indian stock exchange

FBI Finds Online Fraud Aimed at Hotel Guests, Internet Cafes

May 3 (Bloomberg) -- Tens of millions of dollars have been looted from online brokerage accounts in a fast-growing fraud that targets unsuspecting hotel guests and Internet cafe patrons, Federal Bureau of Investigation officials say.

The U.S. Justice Department has stepped up enforcement against the schemes, which combine elements of 21st-century identity theft and old-fashioned stock fraud; the department unsealed its first criminal charges in March. Five civil complaints have been brought by the Securities and Exchange Commission since December.

The scams cost New York-based E*Trade Financial Corp. $18 million in last year's third quarter to reimburse customers whose accounts were pilfered. TD Ameritrade Holding Corp. said it spent $4 million.

``I don't want it to be this panic, but the fact of the matter is everyone's vulnerable,'' Shawn Henry, deputy assistant director of the FBI's Cyber Division, said in an interview at the bureau's Washington headquarters.

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Teamplay is catching up with India Inc

He had no favourites and the best performers were adequately compensated. Always. Though polite, he never indulged in meaningless banter. In such a performance-oriented small company, showing growth every quarter was never a problem. At the end of the year, he was a happy man. So were his colleagues, he thought. But one fine morning, he received two resignation letters from the top managerial team. The number went up to three, five.... "Being a thorough professional alone does not help in keeping the flock together,'' the senior exec told ET requesting anonymity. "I would say it's more, and not equally, important to know the problems faced by executives in their personal lives. You may call it team building but now I make sure I know the names of spouses and children of the execs I engage with on a daily basis.