Citigroup unit lost data for 3.9 million customers

[UpInArms]

http://www.marketwatch.com/news/newsfinder/pulseone.asp?siteid=mktw&guid=%7BCA5C3F53-7346-49BF-B671-41F94E21C3C0%7D&

NEW YORK (MarketWatch) -- CitiFinancial, a unit of Citigroup (C) , on Monday said it is notifying 3.9 million branch network customers that their personal information had been lost. CitiFinancial said computer tapes containing the information were lost in transit to a credit bureau. Shares of Citigroup fell 18 cents to $47.38.

...very short newsblurb...

:argh:

[DrDebug]

1. Again??? The all seem to lose their data

It was a third party, right?

[merwin]

2. And somehow the neocons think that having EVERYONE'S personal info

in a big 'ol database is a good idea?

[MaineDem]

3. THis is happening way too much

Is there a group of hackers out there taking all this information?

[Tempest]

4. Lost in transit? BS!

The transfer of tapes is done by security companies in fireproof safes in secure armored trucks. This is SOP in the financial industry.

The tapes had to have been stolen.

[UpInArms]

15. related: UPS Loses CitiFinancial Tapes

( :wtf: UPS! Where is the security in that?)

http://www.webpronews.com/business/topbusiness/wpn-54-20050606UPSLosesCitiFinancialTapes.html

Citigroup announced that United Parcel Service (UPS) has lost tapes that contained information of about 3.9 million customers as they were in transit to a credit bureau.

On the tapes, was information regarding CitiFinancial branch network customers in the U.S. and customers with accounts that were closed from CitiFinancial Retail Services



The company said that no information from CitiFinancial Auto, CitiFinancial Mortgage or any other Citigroup business was on any of the tapes that were lost. As the Washington Post explains,

It was the latest in a series of data losses or breaches that have forced financial institutions and other data collectors to warn customers that their personal information may be at risk.

Last month, media and entertainment company Time Warner Inc. said that computer backup tapes containing data on 600,000 individuals were lost by an outside data storage firm.

Ameritrade, Bank of America, Polo Ralph Lauren, DSW Shoe Warehouse, ChoicePoint, and LexisNexis have all had similar problems in recent memory.

...more... as they go on to lie about "enhanced security procedures" - :puke:
:nuke:
:argh:

[progressivebydesign]

5. Gee.. my entire financial life is worth 18 cents? great. n/t

[DrDebug]

6. Less than 18 cents

Because they have more customers than stocks. So it's 1 or 2 cents if you are lucky...

[pissed_American]

7. WTF is going on here?!

People`s info has sure been "LOST" a lot lately.

Someone WANTS their info gone..... maybe to cover their illegal funneling of $$$ ??

[rocktivity]

8. Personal data is getting lost left and right

Is this the work of some kind of crime ring, or this is some kind of covert preparation for the upcoming draft?

:headbang:
rocknation

[dweller]

9. 3.9 million here, 5 million there...a few more million over there.

those numbers add up quickly...pretty soon it'll be the whole US population.

dp

[Pirate Smile]

10. Hmmm. I wonder if it was Iron Mountain again.

[Dover]

11. AGAIN?!!! Where is the investigative reporting on this epidemic?

Something more to this story than sporadic losses...

[davsand]

12. I'll bet they didn't misplace the files on who owes them money.

I'd bet they still know who owes them cash. I just can't imagine them misplacing THAT...


Laura

[gizmo1979]

14. That would be nice

they sold the names,and now they're trying to cover their ass.

[Canuckistanian]

13. Damn, and I owe them about 80 bucks, too

At least, I think it was $80. I remember an 8 and some zeroes... Let's just make it an even $60, no questions asked, OK CitiGroup?

[Al-CIAda]

16. Just about time for "Fight Club"...n/t

[Booster]

17. Just my opinion, but rather than spending money to notify us all

that our information was lost/stolen, why don't they just change our account numbers and notify us that they did that? This is all beginning to smell to high heaven.

[slackmaster]

18. Glad I closed my Citi credit card out years ago

:argh:

[Massachusetts]

19. Turn the table!

CUSTOMERS LOSE CITIGROUPS ADDRESS AND ARE NOT ABLE TO MAIL IN THE MONTHLY PAYMENTS!

[Zorra]

20. Wow. That would cause me extreme debilitating anxiety. I would try to sue

their ass off if my financial privacy and safety had been so seriously and distressingly intruded upon.

Mega class action suit, anyone?

[struggle4progress]

24. This is why The Ownership Society's so hot on "tort reform."

[Guaranteed]

21. IT'S TIME TO MAKE SELLING CONSUMER DATA ILLEGAL.

I've had enough of this.

[Karenina]

22. Kick!

:kick:

[truthisfreedom]

23. we need to push for new laws that give us encrypted lives. impossible to

fake, impossible to steal. we buy the protection, the law dictates that once we've purchased the protection, everyone is required to use it. we are the only ones with the original copies.