Companies should guard ID data to curb theft risk
The article notes that data theft often stems from carelessness and weak controls rather than high tech hacks. Bank unions Wachovia and Bank of America warn over 100,000 customers may be affected after former employees allegedly sold data, with nine arrests in New Jersey. An MCI laptop containing 16,500 employee records was stolen last month.
MENTIONED IN THIS ARTICLE
Ellen Simon
AP Technology
New York
Evan Hendricks
Privacy Times
Wachovia Corp
Bank of America Corp
New Jersey
MCT Inc
MCI Inc
Banks tied to large scale ID theft across four banks
The investigation centers on bank employees who accessed records of nearly 700,000 customers from Commerce Bank Wachovia Bank of America and PNC. Bank of America has notified over 100000 customers and Wachovia about 48000 possible breaches. Experts urge tighter data handling and reduced data collection to curb theft risk.
MENTIONED IN THIS ARTICLE
Charlotte
N.C
Cherry Hill
N.J
Bank of America Corp
Bank of America
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