more on Bank loses tape with personal information on 90,000 customers

[David Farber <dave () farber net>]

Begin forwarded message:

From: Lee Revell <rlrevell () joe-job com>
Date: January 12, 2006 2:53:32 PM EST
To: dave () farber net
Cc: ip () v2 listbox com, shoop () iwiring net
Subject: Re: [IP] Bank loses tape with personal information on 90,000  
customers

On Thu, 2006-01-12 at 12:31 -0500, David Farber wrote:
> Begin forwarded message:
>
> From: Dan Shoop <shoop () iwiring net>
> This actually happens all the time. The bank FedEx's or otherwise
> sends a tape, it get's lost ... In most all cases the data is
> encrypted.

What is infuriating to people is that it's not ALWAYS encrypted.  If
this stuff can make it onto backup tapes in the clear it it implies that
these systems are shockingly insecure.  They don't Fedex cash around in
cardboard boxes, why on Earth is it legal for a bank to store someone's
name and credit card in plan text on a backup tape or hard drive?

Lee



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