Bank loses tape with personal information on 90,000 customers

[David Farber <dave () farber net>]

Begin forwarded message:

From: Dan Shoop <shoop () iwiring net>
Date: January 12, 2006 9:41:01 AM EST
To: dave () farber net, ip () v2 listbox com
Subject: Re: [IP] Bank loses tape with personal information on 90,000  
customers


This actually happens all the time. The bank FedEx's or otherwise  
sends a tape, it get's lost. This happens. In a past life as a  
datacenter manager at Citibank we used to receive palettes of tapes  
by FedEx every morning from Sioux Falls, SD, where the credit card  
processing center was, a truck of tapes having better bandwidth at  
lower cost that any telco line.  Occassionally tapes got lost, it was  
no big deal and no one thought much of it other than to request  
another copy. California, IIRC, was the first state to mandate that  
any lost customer records of any sort has to be reported, and other  
states have followed suit. Since such laws been enacted that it must  
be reported it's been getting recent press and what is actually a  
common occurance is now "news". The risk from this is considered very  
low. In most all cases the data is encrypted. Even if it wasn't other  
policies prevent keeping say account numbers and names, or other  
required pieces of information necessary to commit a fraud or  
identity theft with information together in the same place at once.

Having names and Social Security numbers together is considered low  
risk since this information is readily available through numerous  
sources.
--

-dhan

------------------------------------------------------------------------
Dan Shoop                                                   AIM: iWiring
Systems & Networks Architect                     http://www.iwiring.net/
shoop () iwiring net                                 http://www.ustsvs.com/
1-646-217-4725

pgp key fingerprint: FAC0 9434 B5A5 24A8 D0AF  12B1 7840 3BE7 3736 DE0B

iWiring provides systems and networks support for Mac OS X, unix, and
Open Source application technologies at affordable rates.


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