Citi unencrypted tapes "go missing" with confidential customer info

[doc_strange]

Yet another financial manages to have "go missing" a tape-set full of "Social Security numbers, names, account history and loan information about retail customers, and former customers" -- this time from a division of Citi; the tapes were bound for Experian. They didn't make it.

Read about it on CNN.

A number of other financials have also reported missing tapes. Makes you wonder whether these are "coincidental" losses. Two possibilities: things have been sloppy all along and new audit rules are finding out; and/or there's a targeted effort to nail [backup] copies of this financial data.

Mind, I think the REAL issue is that this petty data is all it takes to compromise someone's financial LIFE... but that's a rant for another day.

Comments

[docstrange.livejournal.com]

I have to agree with that (and tezliana) -- whether there are thieves or not. You know I more or less agree on your point that liability needs to shift onto the lender. Then the nature of the data will matter less than its evidentiary value.