Wachovia and Bank of America security breach

Bank of America and Wachovia are notifying customers that their accounts may have been breached. The theft was exposed when Hackensack, NJ police arrested nine people (a NJ state worker state worker, seven bank workers and a business owner) who were selling the information to collection agencies.

Wachovia was notified that the Hackensack police seized computer disks that contained information about 14,000 active and inactive customers. These customers have been informed and their accounts are being monitored. These customers were also given a free year’s subscription to a credit reporting service so they can monitor everything.

Bank of America only has 75 names showing up on the computer discs. Bank of America received the accounts and found nothing unusual but also gave these customers a year’s free subscription to a credit reporting service.