Friday, July 29, 2005

Wells Fargo profits from insecurity

#140 When last did you come accross a story where you were unsure whether it brought upon feelings of loathing and disgust or admiration? This is really one for the books....

Federal regulators say Wells Fargo jeopardized the personal information of hundreds of thousands of customers through a string of security breaches over the past two years.

Wells in turn has found a way to profit from the problem.The San Francisco bank, in conjunction with marketing behemoth Trilegiant, is offering a new service called Wells Fargo Select Identity Theft Protection. For $12.99 a month, this includes daily monitoring of one's credit files and assistance in dealing with cases of fraud.

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