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Info on 3.9M Citigroup customers lost


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#1 Leurgy

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Posted 06 June 2005 - 05:48 PM

According to CNNMoney:

NEW YORK (CNN/Money) - Citigroup said Monday that personal information on 3.9 million consumer lending customers of its CitiFinancial subsidiary was lost by UPS while in transit to a credit bureau -- the biggest breach of customer or employee data reported so far.

Citigroup, the nation's biggest financial services company, said that UPS lost the tapes while shipping them to a credit bureau in Texas.

The tapes covered CitiFinancial customers and about 50,000 customers with closed accounts from CitiFinancial Retail Services. Customers of CitiFinancial's auto and mortgage businesses were not affected.

CitiFinancial is inviting customers to enroll via a toll-free number, 1-888-469-8603, in a free credit monitoring service for 90 days. It said it earlier enrolled the customers in a separate service to help prevent identity theft.


The entire article can be found here.

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#2 jgweed

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Posted 09 June 2005 - 12:04 PM

The NYT times reports that Citigroup had a similar problem in Japan last February:

In February last year, a magnetic tape with information on about 120,000 Japanese customers of its Citibank division disappeared while being shipped by truck from a data management center in Singapore.

See the article reprinted at CNET for a discussion of identity theft, pending legisilation, and corporate initiatives:

http://news.com.com/The+scramble+to+protec..._3-5738352.html


Regards,
John

Edited by jgweed, 09 June 2005 - 12:09 PM.

Whereof one cannot speak, thereof one should be silent.




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