Wednesday, June 08, 2005

Citigroup loses 3.9M identities

#75 Wow - this is sure to accelerate legislation around the handling of client information, and certainly the cause for encryption.

Citigroup is advising customers to take steps to protect their identity following the disappearance of a package containing credit information on 3.9 million of the company's CitiFinancial Branch Network Customers. The data, which contains customer names, Social Security numbers and payment history information, was stored on computer tapes being sent via UPS to a credit bureau.

I have been monitoring all the reported cases of ID theft and this looks to be the largest single event so far.
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