Languish.org

General Category => Off the Record => Topic started by: jimmy olsen on March 27, 2010, 09:41:42 AM

Title: Data theft targets 3.3 million with student loans
Post by: jimmy olsen on March 27, 2010, 09:41:42 AM
This might have affected some of the younger Languishites.

http://www.msnbc.msn.com/id/36060713/ns/technology_and_science-security/
QuoteData theft targets 3.3 million with student loans
Social security numbers, addresses taken, but not financial information

By Steve Karnowski
updated 9:39 p.m. ET March 26, 2010

MINNEAPOLIS - A company that guarantees federal student loans said Friday that personal data on about 3.3 million people nationwide has been stolen from its headquarters in Minnesota.

Educational Credit Management Corp. said the data included names, addresses, Social Security numbers and dates of birth of borrowers, but no financial or bank account information.

The data was on "portable media" that was stolen sometime last weekend, ECMC said in a statement. Company spokesman Paul Kelash wouldn't specify what was taken, citing the ongoing investigation, but said there were no indications of any misuse of the data.

The St. Paul-based nonprofit said it discovered the theft last Sunday and immediately contacted law enforcement, and made the theft public when it received permission from authorities. The Minnesota Bureau of Criminal Apprehension is leading the investigation.

ECMC said it has arranged with credit protection agency Experian to provide affected borrowers with free credit monitoring and protection services. Borrowers will be receiving letters from ECMC soon on how to sign up, gain access to fraud resolution representatives, and be provided with identity theft insurance coverage.

"We deeply regret that this incident occurred and the stress it has caused our borrowers and our partners and are doing everything we can to help protect our borrowers' identity and personal information," Richard Boyle, president and CEO of ECMC, said in the statement.

ECMC is a contractor for the U.S. Department of Education to provide collection and document management services. It guarantees student loans through the Federal Family Education Loan program, and provides support services for student loans that are in default or bankruptcy. The company can act as the guarantor, loan holder or loan servicer.

Department of Education spokesman Justin Hamilton said protecting student privacy is a top priority.

"We are working with ECMC to make sure that affected individuals are provided with resources to protect their information and to provide with them with identity theft insurance," Hamilton said protecting student privacy is a top priority for the agency.

Those who believe they may be affected were encouraged to visit ECMC's Web site, or call 1-877-449-3568 beginning Saturday.

According to the Privacy Rights Clearinghouse, more than 347 million individuals have been affected by data privacy breaches at hundreds of government agencies, universities and businesses since 2005.

Associated Press writer Dorrie Turner contributed to this story from Atlanta.
Title: Re: Data theft targets 3.3 million with student loans
Post by: Neil on March 27, 2010, 10:02:19 AM
:lol:

America fails yet again.
Title: Re: Data theft targets 3.3 million with student loans
Post by: The Brain on March 27, 2010, 10:40:48 AM
Young people suck.
Title: Re: Data theft targets 3.3 million with student loans
Post by: Ed Anger on March 27, 2010, 11:43:30 AM
Quote from: The Brain on March 27, 2010, 10:40:48 AM
Young people suck.

Yes.
Title: Re: Data theft targets 3.3 million with student loans
Post by: garbon on March 27, 2010, 12:04:36 PM
Not me. :yeah:
Title: Re: Data theft targets 3.3 million with student loans
Post by: Ed Anger on March 27, 2010, 12:19:13 PM
Quote from: garbon on March 27, 2010, 12:04:36 PM
Not me. :yeah:

I'd never include you in the kids suck group.  :hug:
Title: Re: Data theft targets 3.3 million with student loans
Post by: garbon on March 27, 2010, 12:42:48 PM
Quote from: Ed Anger on March 27, 2010, 12:19:13 PM
Quote from: garbon on March 27, 2010, 12:04:36 PM
Not me. :yeah:

I'd never include you in the kids suck group.  :hug:

:hug:
Title: Re: Data theft targets 3.3 million with student loans
Post by: Jaron on March 27, 2010, 05:01:59 PM
Do I suck..
Title: Re: Data theft targets 3.3 million with student loans
Post by: Ed Anger on March 27, 2010, 05:09:33 PM
Quote from: Jaron on March 27, 2010, 05:01:59 PM
Do I suck..

Har. I'll let the obvious joke slide.

You are okay, kid.
Title: Re: Data theft targets 3.3 million with student loans
Post by: starbright on March 27, 2010, 06:22:45 PM
This sucks.  :(

Title: Re: Data theft targets 3.3 million with student loans
Post by: HisMajestyBOB on March 27, 2010, 09:56:21 PM
I'm glad I have no loans. :yeah: