The data kitty, in what was believed to be the largest-ever case of student-loan data theft, may have been recovered. More details have emerged how the data of 3.3 million borrowers was compromised when their personal data was stolen the weekend of March 20th from the St. Paul headquarters of Educational Credit Management Corp., a non-profit guarantor of federally-backed student loans. Information released by the Minnesota Department of Safety about the investigation, further highlight that, indeed, the incident was deemed “simple, old-fashioned theft” rather than the work of intricate hacking. Two safes containing approximately 650 CDs and floppy disks containing...