Courtesy CNET and reported everywhere else.... BOA says that a "'small' number of backup tapes with records detailing the financial information of government employees were lost in shipment to a backup center."

While thus far identity theft resolution has been a small apsect of Caveat's business anytime stories arise of massive thefts of personal information it places our industry in great jeopardy. The data aggregators we utilize every day to prevent fraud and ensure business transparency are prime targets for restrictive and reactionary legislation meant to protect what many Americans view as their eroding privacy. And it doesn't help when huge financial institutions go all butterfingers and leave data on 1.2 million customers lying around.

-- MDT

Labels: identity theft