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Monday, December 01, 2003Wells Fargo Hold Up
 A so called 'Low level ID theft kinda guy' was arrested late last week in possession of one or more computers stolen from a financial analyst's office. Edward Krastof has apparently admitted to the theft and authorities believe that all the data relating to customer's personal details have been recovered intact. Wells Fargo themselves obviously don't thinks so as a spokesperson for the finance company, Doreen Woo Hoo, is quoted saying that they have '.... in the three weeks since this equipment and information went missing, we've been able to communicate by letter and by phone with virtually every affected customer.' The costs for the company must be enormous, with all that communication, letter and phone, and having to provide new account numbers for every customer and enabling customers to sign up for a one year subscription to Privacy Guard ®, a credit monitoring service. The press release doesn't say how many individuals were involved but one suspects that it was significant. Protecting data stored on network file systems or lap top hard disks or any where else on the network, especially if that data is outside the usual controls of the corporate infrastructure must be a priority for security personnel. Related Links Wells Fargo Press Release Protecting Lap top data Protecting and controlling the use of PDAs Network file encryption Identity Theft Canada Customs and Revenue Agency Stolen Laptop Computers Crackdown on identity theft an article from the BBC Police arrest ID thief in Wells Fargo case The Wells Fargo Example By Mark Rasch SecurityFocus Wells Fargo : Real Customer Experience posted by Robert Campbell 4:37 PM
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