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State Street Bank Data Breach: 45,000 Records Compromised

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Recent Breaches

Standford University72,000 identities at risk.
Data theft included:
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  • Dates of Birth
  • Social Security Numbers
State Street Bank45,000 records compromised.
Data theft included:
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  • Dates of Birth
  • Social Security Numbers
Pfizer Pharmaceuticals13,000 records compromised.
Data theft included:
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  • Emddloyee Salary Information
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New York Presbyterian Hospital50,000 records compromised.
Data theft included:
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Advance Auto Parts50,000 records compromised.
Data theft included:
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Hannaford Supermarket4.2 million records compromised.
Data theft included:
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Harvard University10000 records compromised.
Data theft included:
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45,000 State Street Bank Records Compromised in Data Breach

According to news sources, a division of State Street Corporation suffered a data breach involving 45,000 customer and employee records. The loss occurred when a laptop storing the information was stolen from a vendor hired by Investors Financial Services, which was acquired by State Street in 2007.

The lost data included names, addresses, dates of birth and, in some cases, Social Security Numbers. State Street claims that there is no evidence that the stolen data has been misused and noted that this is the first case of data theft in its history.

However, this breach does highlight vulnerabilities associated with the loss of physical equipment—which is still a risk, no matter how stringent a firm’s online security protocols.

Data Breaches a Growing Problem for Consumers

Financial services breaches are of particular concern to consumers given the sensitive nature of the information stored by these institutions. Connecticut Attorney General Richard Blumenthal recently noted that the Social Security and account numbers of as many as 4.5 million customers were compromised when a vendor working for Bank of New York Mellon lost unencrypted backup storage tapes.

The loss of physical assets, as highlighted in these cases, is a reminder that consumers may be at risk for identity theft—even if they are careful with management of their own statements and documents.

Learn more about how identity theft actually happens: view the identity theft timeline. In this brief overview, you’ll learn that identity scams usually start long before something shows up on your credit card statements.

 

Has someone already tried to change your address or phone number?

(This is often the first step an identity thief takes to steal your identity.)

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