
New York Mellon loses customer data
Daily news headlines
NEW YORK – Bank of New York Mellon has lost a box of back-up computer tapes containing the personal information of 4.5 million customers. The unencrypted tapes contained social security numbers, names and addresses, and perhaps account numbers and balances.
The tapes were lost in transit between the bank’s shareowner services division and a storage facility. The box was being transported in a truck belonging to Archive Systems on February 27, according to Connecticut attorney general Richard Blumenthal.
Blumenthal says the bank has informed him that the lock on the vehicle was broken and the truck had been left unattended several times. The bank began notifying affected customers of the data loss six weeks ago and is offering one year of credit monitoring through Equifax.
“Given this extraordinarily serious security breach, this offer of protection is grossly inadequate,” says Blumenthal. He is asking for more details and additional security measures to be put in place.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Risk management
Nasdaq whacked with $36 million fine over Aas default
Swedish regulator’s fine poses serious questions over default management and margining, while providing few answers
Receive this by email