Data breaches at Target and Neiman Marcus were certainly scary. Personal information from tens of millions of people fell into the hands of cybercriminals.
But an equally threatening and perhaps more personal attack is a hacker getting into your email and then using it to take money from your bank and brokerage accounts.
It is a problem that is increasing at all wealth levels, from individuals with small investment accounts to family offices that serve the wealthiest clients. Naureen Hassan, senior vice president of client experience at Charles Schwab, which is the largest custodian of independent advisers in the country, said the firm had seen a fivefold increase in email-related fraud over the last two years.
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