LPL hacked into?

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Jul 10, 2008 11:42 pm


LPL's system seems vulnerable.



Take a look:





http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20080708/REG/134627256&ht=

Jul 10, 2008 11:48 pm

"In March it created a new position of chief security/privacy officer."  Hopefully they hired the main guy that was hacking into their system.  There is not a system out there than is invulnerable when it is connected to the internet.  It's just a matter of whether or not it becomes a target.  It's all a trick (art) of how you control your internal databases.  Main formula is + Accessability = + vulnerability.

Jul 11, 2008 1:43 am

Ahhh, another stone thrown from inside a glass house...apparently LPL had another good month recruiting someone's reps.  What makes you so sure that a satellite signal can't be intercepted and compromised?

Jul 11, 2008 9:59 am

I think you are being too harsh on the noob.  I didn't take his comment as a criticism of LPL.  Instead just a commentary on the internet and our client's info and how vunerable it all is. 

 
And if someone wanted to hack the satellite, all they'd get is a bunch of boring home office communications, broadcasts, and maybe an interesting CE topic from time to time.  All critical info is now land based.   
Jul 11, 2008 2:53 pm

Spiff,

 
My comments were directed at the one that started this thread.  My post was a word of caution about pointing out a weakness in a competitor that could very easily manifest itself in your own house...and we all know how foolish that ends up making one look...
 
As far as being all land-based, the attack on LPL's system simply proves that just about any data system is vulnerable as long as people are involved.
Jul 12, 2008 12:02 am
Spaceman Spiff:

I think you are being too harsh on the noob.  I didn't take his comment as a criticism of LPL.  Instead just a commentary on the internet and our client's info and how vunerable it all is. 

 
And if someone wanted to hack the satellite, all they'd get is a bunch of boring home office communications, broadcasts, and maybe an interesting CE topic from time to time.  All critical info is now land based.   
 
Or, maybe a very snowy, but recognizable vision of the Playboy channel.......some of you might even know what I'm talking about.
Jul 12, 2008 2:31 am
Jul 15, 2008 1:53 am

I'm with LPL currently, and this is what I know:

Some reps were duped into downloading a keylogging trojan.  They were not using good virus protection nor were they using proper email judgment. 

These "hackers" used the rep passwords to access the rep's online system (called BranchNet) to place a bunch of penny stock trades (which back office rejected, 100% of them). 

So yeah, it was definitely a breakdown in part of those particular branch offices, but it's something that could happen with any rep with online trading access.

Jul 16, 2008 12:48 pm

"Some reps were duped into downloading a keylogging trojan.  They were not using good virus protection nor were they using proper email judgment."

 
LPL should have left those guys at Jones...they're not indy material...
Jul 16, 2008 1:46 pm
Indyone:

"Some reps were duped into downloading a keylogging trojan. They were not using good virus protection nor were they using proper email judgment."



LPL should have left those guys at Jones...they're not indy material...





Ahh now that isn't nice! We don't want them either.

Jul 16, 2008 3:07 pm

Couldn't help myself...still firing back at Large Candy Bar.




 
You, on the other hand, would make a successful indy, IMHO.  Keep that in mind should the Kool-Aid ever turn sour for you...