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Bank of America loses a million customer records

Why is this happening? One would hope some heads would roll over this sort of thing, but it won’t happen under Chimpy’s tenure. Since Senator Pat Leahy (D-VT) is one of the victims, maybe there will be at least some noise about the slack-ass security risks that these outfits take with our personal data. (CNET)

A “small” number of backup tapes with records detailing the financial information of government employees were lost in shipment to a backup center, Bank of America said on Friday.

The tapes contained information on the customers and accounts of the U.S. government’s SmartPay charge card program, which has more than 2.1 million members and annual transactions totaling more than $21 billion, according to the General Services Administration. Reports have pegged the number of cards affected at 1.2 million.

“Federal law enforcement officials were immediately engaged when the tapes were discovered missing, and subsequently conducted a thorough investigation into the matter, working closely with Bank of America,” the bank said in a statement. “The investigation to date has found no evidence to suggest the tapes or their content have been accessed or misused, and the tapes are now presumed lost.”

The acknowledgment comes as several other cases of businesses losing consumer information have come to light. Last week, data collection company ChoicePoint announced that it had given information on approximately 150,000 subscribers to about 50 fake business fronts created by fraudsters.

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Pam Spaulding

Pam Spaulding