The Mystery Behind Fidelity’s 45 Million Accounts

by | Mar 29, 2024 | Fidelity IRA | 26 comments




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Fidelity, one of the largest financial services firms in the United States, recently found itself in hot water after discovering that personal information from approximately 45 million accounts had been compromised. The breach, which occurred in October, was a result of a sophisticated cyberattack that targeted the company’s database.

Fidelity has assured its customers that their money and investments are safe, but the breach did expose sensitive personal information such as names, addresses, social security numbers, and account numbers. While there is no evidence that this information has been misused, the potential for identity theft and fraud is a major concern for the affected customers.

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The company has said that it is working with law enforcement and cybersecurity experts to investigate the breach and enhance security measures to prevent future attacks. Fidelity is also offering free credit monitoring services to impacted customers to help them protect themselves from potential fraud.

This incident serves as a reminder of the growing threat of cyberattacks in today’s digital age. Financial institutions are prime targets for cybercriminals due to the vast amount of sensitive information they store. It is crucial for individuals to regularly monitor their accounts for any suspicious activity and take steps to protect their personal information.

Fidelity has urged its customers to remain vigilant and report any unusual activity on their accounts. The company has also advised customers to update their passwords and enable two-factor authentication for added security. Additionally, Fidelity is reminding customers to be wary of phishing scams and to never provide personal information over the phone or through email.

As cyberattacks become more prevalent, it is important for financial institutions and individuals alike to prioritize cybersecurity. By taking proactive measures to safeguard personal information and being vigilant about monitoring accounts, we can all work together to protect against future breaches and keep our financial information secure.

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26 Comments

  1. @philschiavone101

    Transferring to Roth IRA every year. My company does not contribute to the Roth version. Only the regular 401K.

  2. @seandelaney1700

    My mother put $2k? a year into an VG index fund IRA from a little PT job she had for a few years in the 80's. Even with a decade of mandatory withdrawals it's over $100k. Start big early…wait.

  3. @AdventurerPrimefire

    0:57 while employer contributions are great they are not free money. It was precalculated into your compensation and is part of your salary that you are forced to make this one choice with. I would rather have access to all of my compensation even if I'm likely to make the same choices. And if you miss a match then you are leaving your money, not free money, on the table.

  4. @lordabhikingfisher8087

    Target funds are the biggest scam that has ever been invented.

  5. @A-t-r-u-s

    Target date funds = compounding expenses, they really take a huge bite out of any compound interest because of their asset fees and offer no dividend to counteract the fees.

  6. @inquisitvem6723

    Put in index funds and enjoy the rest of your day

  7. @EdA-bz3bu

    the government is planning to get rid of SS.
    the republican/confederates are planning to get rid of it by robing what ever money will be in it.

  8. @MichealJose-vr5un

    I start use them last years.i just got the 1099 from them is a fxxkin mess and when you call them they don’t know shxt they transfer you around horrible company they probably will close

  9. @Sylvan_dB

    Average and even median balance of accounts is MEANINGLESS. People that invest will often have more than one account. For example, 401k from previous employer, an IRA, etc. Reporting anything by acount balance is sensationalist noise.

  10. @vanessam9784

    Great video again m thank you Jarrad

  11. @bribradt3450

    Man i wish i had an employer match on ny 401k.
    I have really good investment options on it though

  12. @lewieanderson6579

    I use Fidelity as my bank account. But i wouldn't put everything with them. Just spread the risk around.

  13. @ffnovice7

    Yo my guy I love your style and presentation and personable narration

    But gah damn the thumbnails make me cringe my dude sorry

  14. @LundBrandon

    pretty sure that 11% is just due to inflation…

  15. @SwoffBass

    Great vid as usual!

  16. @mrmorrison299

    That auto enroll, auto increase seems like a good way for the government to get there taxes for years to come!

  17. @michaelswami

    Excellent video. Thank you.

  18. @kgal1298

    I have ETrade, Fidelity and Vanguard accounts, but my Fidelity Accounts are some of my strongest.

  19. @WestExplainsBest

    Fidelity may have money, but they can't spell correctly.

  20. @ChocoBeanChat

    Wait until you get margin called

  21. @christopherryder6132

    people don't know about these retirement accounts. I had no idea roth ira even existed until two years ago (38 yrs old then) when a friend told me. Since that, and finding your channel, I've been contributing to one, and have been learning a ton of ways to be ready for retirement. I tell people about roths all the time and hardly anyone I talk to knows they exist or how they work.

  22. @cryengine_x

    vanguard gang for life yo

  23. @peeonthe3rdrail414

    Speak for yourself, I'm broke as hell and use Fidelity.

  24. @shaereub4450

    Can you do a video comparing the 3 Fund Portfolio Vs the 4 Fund Portfolio? (Adding a total international bond market fund).

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