Knowledge is Power
Personal Data for 3.9 Million Lost in Transit
In one of the largest breaches of data security to date, CitiFinancial, the consumer finance subsidiary of Citigroup, announced yesterday that a box of computer tapes containing information on 3.9 million customers was lost by United Parcel Service last month, while in transit to a credit reporting agency.
Great. Just great.
Executives at Citigroup said the tapes were picked up by U.P.S. early in May and had not been seen since.
Gone. They're gone. At the very very least this is a gold mine for unscrupulous marketers - at the worst...
The tapes contained names, addresses, Social Security numbers, account numbers, payment histories and other details on small personal loans made to millions of customers through CitiFinancial's network of more than 1,800 lending branches, or through retailers whose product financing was handled by CitiFinancial's retail services division.
And the banks look at me funny when I question why they need my Social Insurance Number.
The company said there was no indication that the tapes had been stolen or that any of the data in them had been compromised.
Except that they don't know where these tapes are.
So something you don't have and don't know the location of and have no idea if you are ever getting back...wait a second let me start again...can't believe how mind-bogglingly stupid that statement is...so if your car disappeared from your driveway overnight, you'd just assume that there was no indication that the car had been stolen or that any of the compact discs in the glovebox had been compromised.
Who let the braintrust at Citicorp make this statement? How do they know the data isn't compromised?
And Ms. Givens of the Privacy Rights Clearinghouse said, "Your everyday dumpster diver may not know what to do with these tapes, but if these tapes ever find their way into the hands of an international crime ring, I think they'll figure it out."
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