Agave Mountain

More information about the TD Ameritrade breach is slowly dribbling out. Even thought TD Ameritrade had been receiving complaints about spam (users would create special email addresses unknown to anyone but Ameritrade), since 2006, it wasn't until a lawsuit was filed by lawyer Scott A. Kamber which forced the company to investigate. According to the lawsuit, Ameritrade's servers were vulnerable as far back as October (and reportedly fixed July 18th).

The plaintiffs in the lawsuit had wanted the court to order Ameritrade to tell its customers about the data problem, but Ameritrade issued its release before a hearing could be held. The plaintiffs are also seeking damages and are trying to qualify as a class-action lawsuit. "They preferred putting out a press release with their own language in it rather than have the court order them to put out a release with our language," Kamber said.

I am totally stunned that a public company would display so many ethical traits that I despise.

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