Stock Market Woes Result in Increased Cyber Attacks

During this period of economic uncertainty and financial decline, there concurrently appears to be an increase in cyber attacks using malware.

The Wall Street Journal reported recently that:

“Ever since the start of September, when the financial crisis hit in earnest, something odd has happened on the days the stock market experienced its biggest losses: The number of new pieces of malware detected has spiked. On the days when the market gains, the amount of malware detected drops. It’s happened eight times over the last month. ”

Investors and traders need to be particularly wary during this time of financial turbulence, especially when logging onto their brokerage and trading accounts, or dealing with any email correspondence from these institutions.

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