Hackers dumped $49K of a Schwab client's stock, then came back for more
Schwab blamed phishing, the family says. Then the thieves tried again.
A post from Dana (@Danainhawaii) describes someone hacking her uncle's Charles Schwab account and selling $49,000 of his stocks. According to the post, Schwab blamed him for falling for phishing, and then the thieves tried again. It drew about 4,300 likes.
Account takeovers usually start with stolen login details, often from phishing messages that imitate a real company. Once inside, attackers can move money or sell assets quickly.
Why it mattersThe story highlights a common dispute after fraud over who is responsible. For anyone with a brokerage account, practical steps include using an authenticator app or hardware key instead of SMS where possible, turning on login and trade alerts, and treating unexpected login links with suspicion. This is one person's account; Schwab's side is not part of the post.
