Monday, June 3, 2013

Bank Teller Identity Theft

A Philadelphia bank teller accessed customers' accounts to obtain information such as social security number, date of birth. He then sold the information which was used to create counterfeit checks, payable to victims and cashed using the stolen identity information.

The fraud loss for this scheme is estimated to be over a quarter of a million dollars.

"Jewell-Wright obtained the addresses, Social Security numbers, and account bank balances for some of Wachovia’s customers which he then sold." - Private Officer News
Of course bank tellers must have access to customer accounts in order to do their jobs, but determining if access activity is appropriate is critical for uncovering fraud. There are now low-cost on-demand SaaS analytics that can detect inappropriate access to customer data, even by authorized users.
Download a white paper on customer data privacy breach detection. Learn how to proactively identify unauthorized breaches of customer data privacy, even by authorized users - with no hardware and no on-site software.
(a) Philadelphia Bank Teller’s Theft from Customer Accounts Leads to Criminal Charges - Private Officer News, 06/02/2013

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