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Fidelity Investments and The Vanguard Group are warning investors about the increasing prevalence of online identity theft.
Fidelity InvestmentsandThe Vanguard Groupare warning investors about the increasing prevalence of online identity theft. Specifically, these firms have posted alerts in their investor communications about "phishing" scams, by which third parties pose as financial institutions and request information, such as Social Security numbers or account information, from investors. While this type of identity theft has been widespread in the online banking world for years, it is now growing in the online investment space as more investors turn to the Internet, saidLee...