11 December 2017
visit www.avoka.com

State Street reports data theft

29 May 2008  |  7154 views  |  0 Tablet Computer Screen

State Street Corporation says computer equipment containing personal data belonging to staff and customers of its recently acquired Investors Bank & Trust (IBT) unit has been stolen.

The equipment was stolen from a facility belonging to a vendor engaged by IBT for legal support services.

IBT - which was acquired by State Street last year - had hired the vendor to review electronic records after receiving a request from federal regulators for information shortly after the acquisition.

A criminal investigation into the incident is under way. State Street has not disclosed what personal information was on the equipment or how many people are affected, although it has been reported that 5500 employees and 40,000 customers of the former IBT are being notified of the theft.

State Street says it will offer free credit monitoring where applicable.

In a statement on its Web site, State Street says it has analysed a copy of the data and found "no evidence to date to suggest that the data has been misused or that legacy State Street customers and employees are impacted".

The IBT data scare is the latest in a series of of security breaches over the last few months.

Last week it emerged that the Bank of New York Mellon has lost unencrypted back-up computer tapes containing the confidential details of around 4.5 million customers.

According to a statement released by Connecticut Attorney General Richard Blumenthal, a box containing between six and 10 unencrypted back-up tapes holding social security numbers, names and addresses - and possibly bank account numbers and balances - was lost in transit on 27 February.

Earlier in the month UK bank HSBC revealed it had lost a computer server holding the confidential personal details of around 159,000 customers from a branch in Hong Kong.
KeywordsLEGALPEOPLE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bank of New York Mellon breach hits 4.5m customers

Bank of New York Mellon breach hits 4.5m customers

22 May 2008  |  56820 views  |  0 comments
Bank of Ireland laptop stolen in 2001

Bank of Ireland laptop stolen in 2001

13 May 2008  |  6200 views  |  0 comments
HSBC loses server containing customer data

HSBC loses server containing customer data

08 May 2008  |  12323 views  |  0 comments
Bank of Ireland reports customer data theft

Bank of Ireland reports customer data theft

22 April 2008  |  13041 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.response.ncr.comvisit www.solutions.lexisnexis.com

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18097 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11025 views comments | 7 tweets | 6 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
6632 views comments | 13 tweets | 20 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6412 views comments | 8 tweets | 17 linkedin
Barclays, First Direct and Nationwide join FCA sandbox cohortBarclays, First Direct and Nationwide join...
5819 views comments | 5 tweets | 12 linkedin

Featured job

Find your next job