« Are Commercial Real Estate Loans Going to Hurt Banks? | Main | Bernanke: Housing Market Is Cooling »
May 19, 2006
Wells Fargo Hit Again With Computer Theft
Wells Fargo has confirmed that a computer containing the Social Security numbers and other private information of mortgage holders was stolen while being shipped between its facilities in early May. Executive Vice President Susan Davis said Wells Fargo does not believe the data has been accessed or misused because the San Francisco-based bank uses two layers of security, and spokeswoman Debora Blume indicated that only "a relatively small percentage" of mortgage customers are affected by the theft. The bank has offered the customers free enrollment in an identity theft monitoring service that is designed to notify them when suspicious activity is detected. The incident marks the fourth computer theft at the bank in less than three years.
Posted by S. Germain at May 19, 2006 07:42 AM