] [Massive Privacy Breach]: Wells Fargo Accidentally Releases Trove of Data on Wealthy Clients

["Dave Farber" <farber () gmail com>]

Begin forwarded message:

> From: Lauren Weinstein <lauren () vortex com>
> Date: July 21, 2017 at 8:15:33 PM EDT
> To: nnsquad () nnsquad org
> Subject: [ NNSquad ] [Massive Privacy Breach]: Wells Fargo Accidentally Releases Trove of Data on Wealthy Clients
>
>
> [Massive Privacy Breach]: Wells Fargo Accidentally Releases Trove of Data on Wealthy Clients
>
> https://www.nytimes.com/2017/07/21/business/dealbook/wells-fargo-confidential-data-release.html?partner=rss&emc=rss
>
>      When a lawyer for Gary Sinderbrand, a former Wells Fargo
>    employee, subpoenaed the bank as part of a defamation lawsuit
>    against a bank employee, he and Mr. Sinderbrand expected to
>    receive a selection of emails and documents related to the
>    case.  But what landed in Mr.  Sinderbrand's hands on July 8
>    went far beyond what his lawyer had asked for:  Wells Fargo
>    had turned over -- by accident, according to the bank's lawyer
>    -- a vast trove of confidential information about tens of
>    thousands of the bank's wealthiest clients.  The 1.4 gigabytes
>    of files that Wells Fargo's lawyer sent included copious
>    spreadsheets with customers' names and Social Security
>    numbers, paired with financial details like the size of their
>    investment portfolios and the fees the bank charged them. Most
>    are customers of Wells Fargo Advisors, the arm of the bank
>    that caters to high-net-worth investors.  By Mr. Sinderbrand's
>    estimate, he has financial information for at least 50,000
>    individual customers. In all, Mr. Sinderbrand said, these
>    clients have tens of billions of dollars invested through
>    Wells Fargo, all laid out in vivid detail for him as part of
>    the discovery process in his lawsuit.



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