Personal Finance (Not Investing) • Security flaw of Fidelity workplace retirement accounts

The long-standing systemic security flaw in Fidelity NetBenefits accounts that easily allow such accounts to be taken over and drained have been discussed on BH and elsewhere, and I won't describe here how simple it is for a fraudster to do this. The Univ of CA system had over 100 employee accounts affected in Oct 2024 probably by this flaw, and my guess is that the attached article about "Victims across the country [coming] forward after having money stolen from Fidelity retirement accounts" is due to the same long known security flaw.
https://finance.yahoo.com/news/victims- ... 44273.html

Statistics: Posted by Rocinante Rider — Wed Dec 11, 2024 10:24 am — Replies 0 — Views 51

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