BofA Breach: 'A Big, Scary Story'
May 26, 2011
Total Loss:
$10 Million
$10 Million Loss Highlights Risks, Sophistication of Internal Breaches
An internal breach at U.S. financial giant Bank of America shows how some corporations do not focus enough attention on mitigating internal fraud risks.
According to news reports, a BofA employee with access to accountholder information allegedly leaked personally identifiable information such as names, addresses, Social Security numbers, phone numbers, bank account numbers, driver's license numbers, birth dates, e-mail addresses, family names, PINs and account balances to a ring of criminals. With that information, the fraudsters ...
Source:
Bank Info Security
Posted in:
Internal Fraud
Account Takeover Identity Theft
Check Fraud