Friday, November 10, 2006

Yet Another Reason for Data Privacy Laws?

David Lazarus writes in The San Francisco Chronicle:

As rental-car giant Hertz prepares to go public next week, the company seems to be having an unusually difficult time keeping confidential info under wraps.

In a regulatory filing on Wednesday, Hertz Global Holdings said it had dropped Deutsche Bank from its underwriting team after "several e-mails" discussing the $1.5 billion initial public offering were inadvertently sent by the bank to about 175 institutional clients.

Meanwhile, the names and Social Security numbers of an undisclosed number of Hertz workers were found last month on the home computer of a former employee of the company.

The matter is only now coming to light as Hertz sends letters to affected employees with instructions for steps they can take to protect themselves from fraud and identity theft.

More here.

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