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ETRADE BLAMES PATRIOT ACT

FOR PHISHING-LIKE LETTER

 

A message purportedly from your bank or brokerage arrives and demands you

immediately confirm your social security number and other sensitive

information or your account will be closed. Obviously a phishing scam,

right? That's what one reader thought about a letter he received in the

mail last week on what looked like E-Trade letterhead, only to be told

be ETrade that it's for real, and that they need the information to

comply with the Patriot Act.

 

" On January 31st I received a letter dated January 18th via the U.S. mail

allegedly from ETrade, " the reader wrote. " The letter, signed by Randy

Tripp, ETrade EVP and General Auditor, demanded that I either fax,

phone, or mail back a form with personally identifying information -

name, date of birth, and social security number - within 15 days of the

day they sent it or my account would be closed. So the deadline is

February 2, giving me two days to respond. "

 

The purported ETrade letter read in part:

 

" Our number-one priority is safeguarding our customers' account and other

personal information. From time to time, for the protection of our

customers, we review customer accounts to make sure account holder

information is complete and up to date. Please take a minute to confirm

and/or update your account information by utilizing one of the ...

 

More of this blog:

http://newsletter.infoworld.com/t?ctl=10DE310:44EE75B

© 2005 InfoWorld Media Group.

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