Supposedly, brokerage accounts are 'insured' by S.I.P.C. (Securities Investor Protection Corp.) for up to $500,000 (including $100,000 cash) and the broker may carry additional insurance - all this for some types of accounts and investments. This insurance does not cover market risk.
In any event, the point of this article is that any hacker can get into any investment account and clean it out. This, unfortunately, is also the case with one's bank accounts, credit cards and any other type of financial instrument.
I never use a credit card on line. If they won't do it by phone at the same price, then I'll keep my money and they can keep whatever they are hawking. Yet, using a credit card with any vendor is just about as safe as a $100 bill on a sidewalk.
One day I'll run a blog on rip-offs in the securities industry that most have probably never heard of. It won't be amusing; and if you think that you have seen my venom - just wait.
P.P., I'm going to try to send you a 'joke' on telemarketers. No virus. I've already sent it to some other friends on the Forum.