BofA Grounds Tapes After In-Transit Snafu

Fest, Glen
April 2005
Bank Technology News;Apr2005 Supplement, p1
Trade Publication
Reports on the decision of Bank of America Corp. to stop shipping via air of the backup tapes of consumer data in the U.S. Incident where several tapes that contain personal information of federal government credit card holders were lost during shipment to a backup facility; Speculations by senators that the tapes were stolen by baggage handlers in the cargo hold of a commercial airline; Citation of the event in the debate about data protection and security in financial services.


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