Friday, April 29, 2005

Incident: Massive bank security breach uncovered in N.J.

MSNBC is reporting on what is characterised as the largest breach of security and leak of personal information is US banking history. Employees are implicated in providing information on 500,000 customers to bill collectors:

Massive bank security breach uncovered in N.J. - Nightly News with Brian Williams -

"Bank employees implicated in conspiracy; 500,000 victims alleged

By Tom Costello, Correspondent

NBC News

Updated: 7:22 p.m. ET April 28, 2005HACKENSACK, N.J. - In court Thursday, Orazio Lembo was described as the alleged ring leader of what police say was a massive scheme to steal 500,000 bank accounts and personal information, then sell it to bill collectors.

Lembo's alleged accomplices included branch managers and employees from some of New Jersey's biggest banks, including Bank of America, Wachovia and Commerce Bank.

All of them are accused of turning over customer bank account numbers and balance information for a profit of $10 per account. Even a state employee is accused of providing private information from state employment files...."

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