[funsec] Invasion of The Stock Hackers

[Gary Funck]

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.