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FDIC Reports Security Breach







FDIC Reports Security Breach

FDIC Reports Security Breach 06/17/2005 04:48 PM

Add a U.S. federal government agency to the list of organizations faced with disclosing that personal data has been stolen.




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FDIC Reports Security Breach

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News of yet another whopping security breach hit the wires today. This time, thieves may have swiped credit card info of more than 180,000 HSBC Bank MasterCard shoppers. We're hearing of these large-scale breakdowns all too frequently, with hundr eds of thousands of people affected each time. They've probably been happening for years and are only coming to light now, thanks to California's disclosure law. Alarming as this is, even more alarming is that these incidents barely register in the public consciousness. Instead, people are misdirecting their fears to Google map lookups and the like, as Scott Granneman points out in his column (don't worry, you've got the right column if you're reading a long intro about a WWI poet). The more we hear about a trend of scary facts, the more inured we get to them. Granneman calls for national legislation that would require companies to quickly disclose data theft to their customers. A good idea, but taking his original point a step further, people might also get desensitized to notices of stolen data. Save for those unfortunate few who have experienced the painful process of dealing with identity theft, it would take extraordinary circumstances for most people to care. Maybe another dozen or so cases of 200,000-plus customers getting their personal data ripped off by professional crooks will do the trick.

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“Acxiom, one of the world’s largest data aggregators, has information about virtually every adult in America. It also manages and enhances data for major banks, insurers, direct marketers, the credit bureau TransUnion and others. It has developed some of the world’s most sophisticated data analysis software. Federal authorities yesterday charged an online advertiser in Florida with tapping into the computer system of a large database marketer in Arkansas and stealing “vast amounts of personal information”…

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Security breach laws become state's
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Federalism questions pepper a Senate hearing into data mishaps. Should states regulate security breaches too?

Tufts warns 106,000 alums, donors of
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Tufts warns 106,000 alums, donors of
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Alumni of Tufts University in Boston have been notified that personal information stored on a server used by the university for fund-raising could have been exposed to intruders.

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FDIC Reports Security Breach

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