Dumiak, Michael
October 2005
Bank Technology News;Oct2005, Vol. 18 Issue 10, p31
Trade Publication
The article discusses various aspects related to bank customers' security breach in the U.S. According to TowerGroup company there have been 16000 incidents of hacking and identity theft in the year 2004. Similarly, about 10 million credit card fraud occur every year in the country. Bank of America Corp., faced a similar situation by losing tapes containing 1.2 million personal accounts for federal employees, including social security numbers, account numbers and addresses. This situation is a cause of concern for leaders in technology, regulation, legislation and business.


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