Posted on 11/26/2003 1:14:59 PM PST by shadowman99
Edited on 04/13/2004 2:45:00 AM PDT by Jim Robinson. [history]
A thief has stolen the names, addresses and Social Security numbers of thousands of Wells Fargo customers nationwide after breaking into the office of an East Bay business consultant and swiping his computers.
Wells Fargo is refusing to discuss details of the theft earlier this month or why the bank made such extensive information available to an outside contractor. Wells says the thief may not know that one of the stolen computers holds reams of proprietary data.
(Excerpt) Read more at sfgate.com ...
It's nice that I can trust my banker with my personal info. The irony is I'm sure if I walked into a branch and requested a copy of my personal record I would be told to take a leap. Yet that info was given to some guy who has an office behind a sports bar.
And I'm to believe that Wells Fargo take Information Security seriously? BS!!!
I didn't think Wells Fargo could disclose my info without my signature on a HUBA form. I might need a lawyer.
Some banks do, some don't. I currently work for a bank with a very dedicated Vendor Security department that reviews the on-site security with all potential vendors prior to their doing business with us. However, in my previous position, I received customer lists with millions of account records from three large banks, in an company with minimal security (a basic home-alarm system and a couple of locked doors). I always imagined that their customers would have had kittens if they had known how nonchalant the banks were with their account data (and we're talking ALL account data except for transactional detail).
Most banks, however, are getting a lot more serious about vendor security nowadays - this incident with Wells Fargo should impel all banks to be more careful where they send their customer info.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.