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Posted by Monty Solomon on August 30, 2008, 11:15 am
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http://www.informationweek.com/blog/main/archives/2008/08/bny_mellon_data.html
BNY Mellon Data Breach Potentially Massive
Posted by George Hulme, Aug 29, 2008 10:09 PM
It was in May when we noted an investigation launched by the
authorities in the state of Connecticut into a backup tape lost by
the Bank of New York Mellon. The results of that investigation are
in, and they don't look good.
First, some background (which is available in my earlier post, here).
A backup 10 unencrypted backup tapes with millions of customers'
information had gone missing on Feb. 27, and the Connecticut
authorities wanted to know more, as there were up to half-million
Connecticut residents private information place at risk.
Here's what those (unencrypted) tapes contained, according to
Attorney General Blumenthal's letter:
BNY representatives informed my office that the information on the
tapes contained, at a minimum, Social Security numbers, names and
addresses, and possibly bank account numbers and balances.
That's just great, isn't it.
At first, we thought there were 4 million whose private financial
information was on those tapes; turns out now that there could be up
to 10 million. Here's what Connecticut Gov. M. Jodi Rell has to say
in a statement released yesterday:
"It is simply outrageous that this mountain of information was not
better protected and it is equally outrageous that we are hearing
about a possible six million additional individuals and businesses
six months after the fact," Governor Rell said. "We fear a
substantial number of Connecticut residents are among this latest
group."
I couldn't agree more. There is absolutely no acceptable excuse as to
why this information was not encrypted on these tapes. None.
The BNY Mellon has set up this Web site for those who may have been
affected by this incident.
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