Bank of America "lost" 1.2 million federal records.

"Only in America"

Who didn't see that coming?

they should have to answer for that , this lack of security is bullshit

Nothing is Secure

They are calling it a "Cyber Crime". How is it a Cyber crime when the missing goods are fucken data tapes that were in Air transit?

the people that will loose thier job due to this utter-fuckup

This is why "hiding" one's social security number is a futile effort - it's already out there ... privacy policies are a sham - all those opt-out letters financial institutions send out are basically meaningless, since they are still legally free to share the information anyways with their other business units, which themselves can share them - one gets the idea ... it's akin to how the U.S. legally spys on American citizens by using an intermedary country, such as the UK to do the spying and then ship the info back ... point is that privacy leaves much to be desired and incidents like this are going to increasingly occur ... like no kidding ... but here's the scary part that few are talking about ...

BIOMETRICS ... just wait until banks, etc require customers to provide fingerprints, iris scans, etc ... it's scary not only due to the "1984" feel of it all, but more apty because biometric data CAN NOT BE REVOKED ... something one should keep in mind before giving out their thumb print, iris scan, etc to their bank or whatever - once biometric information is stolen, one is permanently screwed for it can't be reissued.

And to really digress, biometric information, ironically, may someday be shown not to be as secure as originally thought - there already exist various methods of duplicating *latent* fingerprints to fool scanners, iris scans can be fooled with contacts, dna can be altered/not as unique as people are led to believe, etc ...

In a nutshell, there needs to be serious civil and even criminal penalties for poor data management practices; collect less information from people to begin with - less information means less that can be lost ... I suppose that's wishful thinking, but then again I digress ... well, I'm off to the bank LOL!

Ron

WTF do you mean by "lost"
H/O Hitting up google news

http://www.reuters.com/financeNewsAr...toryID=7746664

Bank Loses Card Data of U.S. Senators
Sat Feb 26, 2005 12:40 AM ET
By Joanne Morrison

WASHINGTON (Reuters) - Computer tapes containing credit card records of U.S. Senators and more than a million U.S. government employees are missing, Bank of America said on Friday, putting the customers at increased risk of identity theft.

This is even worse than I thought

Must have been stolen, you just can't mislay that amount of data

I used to work in a mainframe shop.. Unless ya got a mainframe in ur basement the tapes are almost worthless lol

i heard this mentioned on the news the other day. thank god i have my bank with someone else. that is a grievious breach of security.

thats my bank, hope I am not one of them

Hopefully my info wasn't on there I am with them because I was with fleet

They lost backup tapes of the data. Not a huge deal, they will probably never be found and are sitting in a warehouse somewhere. If they arent found for 3-4 years all the stuff will be out of date anyway.

They should have a chip in there, where they can auto erase. Like what the army has.

There are a number of data centers in every city in america. So somebody with a job with one of them and the knowledge can win the information. Or gee, by a damn tape reader. Doesn't have to be a big expense. At least not in consideration in the value you of that information in the hands of a crook.

Too bad.

"If a smart guy invents a lock , there are 10 smarter guys who can get around it"

Smokey The Bear

Very nicely said. But it is better to spend billions on arresting or bothering people that work in the porn industry, then to mess with the companies of the people that make up the government.