“Cybercriminals had unauthorized access to our network for a period of several months between late 2013 and early 2014”

According to a Cyber Security Alert page on Scottrade, Federal investigators found indicators that prove Scottrade’s network and systems was used. Further investigation by a security third party found that the network was used to steal customer information on 4.6 million Scottrade clients.

Damage to the Company
As you can see, no financial information was taken… Does that matter though anymore? It’s a reputational hit to the company, there are resources put forward and a recovery cost to it.

Potential Damage to the Customer
Most likely, the customer information will be validated across social media sites, who would like the Scottrade Facebook page other than a client? I predict some crafty social engineering in the woodworks!

Scottrade is offering identity theft protection and a way to report phishing emails.