Have a Wells Fargo bank account? They need not encrypt data.

[Deja Q]

http://news.zdnet.com/2100-9595_22-6061400.html

"Police blotter" is a weekly CNET News.com report on the intersection of technology and the law.

What: Wells Fargo Bank customers sue after their personal financial data was stolen from a contractor that had not encrypted the information.

When: U.S. District Judge David Doty in Minnesota ruled on March 16.

Outcome: Wells Fargo was found not to be negligent because the information was never misused by the thieves.

Boy, I'm glad the information was simply appropriately used them. :eyes:


Edit: Added
Nevertheless, two of the bank's customers, Kristine Forbes and Morgan Koop, filed a class action suit anyway. They claimed that Wells Fargo was liable for emotional distress (including fear, anxiety and worry), negligence, breach of contract and breach of fiduciary duty. Forbes and Koop claimed that Wells Fargo owed them a cash payout because they had to spend extra time monitoring their credit reports.

Gee, nothing impartial or bias in favor of W(t)F bank here. Nevertheless, I think the writer of the article is a twonk.

[Turbineguy]

1. Paper recycling

In the late 1980's I was on a container ship and a container split open (the side fails, this happens with improperly secured cargo) and a bunch of used computer printout fell out. It was a mess. And there were names, addresses, bank account numbers, balances, transactions, SS Numbers, everything. There were bales of it. The paper was going to Taiwan for recycling.

I hope this no longer happens......

[Deja Q]

2. SSN #s are offshored for those "free" credit reports.

So we're trusting a country that's even less secured, ran by people whose opinion of the US could turn at any time.

Not a bright move...

[Halliburton]

3. doesn't Karl Rove have an account with them

[madrchsod]

4. worse bank group in the usa

nothing surprises me about this bank