Wednesday, July 29, 2015

Bank Employee Stole Customers' IDs for Theft Scheme

A lead customer service representative at a Chicago bank stole customer identities and shared the information with another individual who used the identities to obtain debit cards and then make ATM withdrawals and purchases. The identity thefts occurred from October 2010 to January 2011.

The now former bank employee was sentenced to five years probation and ordered to pay $47,449 in restitution to the bank for her role in the identity theft scam.

"she unlawfully accessed bank clients’ accounts and provided their names and other information to another individual without the clients’ knowledge." - NWI Times
It is unclear how the identity thefts were discovered or why they were allowed to occur for several months. Organizations seeking to proactively detect identity theft and data privacy breaches 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) Woman given probation for role in ID theft scheme - www.NWItimes.com, 07/24/2015

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