Ameritrade warned users of security breach months after the fact
Is it sheer pride that prohibits companies from admitting the fallibility of their data servers? TD Ameritrade is the latest in a string of security-breach deniers. Possibly hacked as early as October 2006, Ameritrade's servers divulged users' names, addresses, email accounts and account activity. When email accounts were pumped full of spam messages, a couple users sued Ameritrade in late May — indicating that there was a breach. Ameritrade delayed issuing an official release until last Friday, conveniently timed to beat a lawsuit that sought a court ordered release.