Thursday, May 19, 2005

Largest security breach in US banking history

Oh, boy things just keep getting worse. Last year was "The year of the Worm", and this year will surely go down as "The year of Identity theft."

Electronic account records for some 500,000 banking customers at four different US banks were allegedly stolen and sold to collection agencies in a data-theft case that has so far led to criminal charges against nine people, including seven former bank employees. According to the U.S. Department of the Treasury, the crime is believed to be the largest breach of banking security in the U.S., local police said.
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