Monday, May 23, 2005

Scope of bank data theft grows to 676,000 customer

Todd R. Weiss, Computerworld

MAY 20, 2005 (COMPUTERWORLD) - What is thought to be the largest U.S. banking security breach in history has gotten even bigger.

The number of bank accounts accessed illegally by a New Jersey cybercrime ring has grown to 676,000, according to police investigators. That's up from the initial estimate of 500,000 accounts police said last month had been breached. ...

Lomia today said that the suspects manually built a database of the 676,000 accounts using names and Social Security numbers obtained by the bank employees while they were at work. The information was then allegedly sold to more than 40 collection agencies and law firms, police said.

My advice to those collection agencies and law firms is go out and hire yourself some crisis communications experts, because you are going to need them.

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