This week I received an IB "Security Alert"... Which reels of 6-7 total horror stories of ** only competitors ** accounts being hijacked... And then tries to pressure you to sign up for... A "security token"... often called a "key fob"... which is primitive 90s technology. This "security token" will only prevent unauthorized wire transfers... And have negligible impact on unauthorized trading. My view: IB has ** created ** a security nightmare... With their online "wire request" system... Which allows any "authorized person" to wire funds to any account anywhere... As long as it has your name on it... And it's ridiculously easy to create an account with ANY name on it. (Plus the hacker must find a way to change your email address). Simple solution: Just allowing transfers ONLY to one bank account... Or a short list of bank accounts that are provided by the owner... Would make it IMPOSSIBLE to wire funds anywhere else. But no... that is 70s common sense. It's too "normal" for IB to even consider keeping a list of bank account(s) authorized by YOU... And is willing to wire funds to Nigeria or Siberia... Unless you go for this klunky, potentially problematic hardware device. I would love to hear about any IB account hijacking experiences from others... Because this initiative from IB, at best, solves 50% of the problem in a clumsy way... And also offloads legal responsibility for security from IB to YOU. What are a broker's legal responsibilities... Under NASD Regulations in terms of account security? Also... any creative ideas about account security beyond standard computer security?