Friday, February 27, 2015

Two Plead Guilty to Using Bank Tellers to Steal Customer IDs

Two New York men have pleaded guilty to operating an identity theft ring that involved having bank tellers steal customer data.

Hundreds of customers at several banks in New York, Conneticut and Massachussets had their identities stolen. The theft ring used the information to create false IDs and withdraw money from accounts.

"Using data gained from tellers who cooperated in the ring, [they] stole personal information from hundreds of customers."
- American Banker
It seems the identity thefts were discovered by law enforcement rather than the banks. Financial services organizations seeking to proactively detect thefts of customers' identities can utilize low-cost on-demand SaaS analytics services.
Learn how to proactively detect identity theft and unauthorized breaches of data privacy, even by authorized users - with no hardware and no on-site software.
Sources:
(a) Two Plead Guilty in New York Identity Theft Case - www.AmericanBanker.com, 01/20/2015

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