Massive bank security breach uncovered in N.J.
On the NBC Nightly News with Brian Williams last night (story posted here on MSNBC), there was a disturbing story about a fairly massive "inside-job" in New Jersey:
In court Thursday, Orazio Lembo was described as the alleged ring leader of what police say was a massive scheme to steal 500,000 bank accounts and personal information, then sell it to bill collectors.
Lembo's alleged accomplices included branch managers and employees from some of New Jersey's biggest banks, including Bank of America, Wachovia and Commerce Bank.
All of them are accused of turning over customer bank account numbers and balance information for a profit of $10 per account. Even a state employee is accused of providing private information from state employment files.
posted by Fergie @ 4/29/2005 05:28:00 AM
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