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Published: November 3, 2004, by CNET News.com
By Dawn Kawamoto
Staff Writer, CNET News.comIdentity thieves may have obtained sensitive information about
thousands of Wells Fargo mortgage and student loan customers, after
four computers containing customer account numbers and Social Security
numbers were stolen last month. The incident occurred in
mid-October, when the computers were stolen from the Atlanta office of
Regulus Integrated Solutions, a vendor that prints the loan statements
for the bank. The computers also contained customers' names and
addresses.
The theft marks the third time in roughly a year and a half that
computers housing Wells Fargo mortgage customers' personal data were
stolen.
"To this date, in all these incidents, we have
had no indication anyone's information was compromised," Kevin Waetke,
a Wells Fargo spokesman, said Wednesday, adding that the bank considers
each case an isolated incident. "We have always reviewed our policy
around our security measures and take such steps as encrypting data
when possible and making sure our information is password protected."In the Atlanta case, no passwords or personal identification
numbers were housed in the computers, he said. Wells Fargo began
issuing warning letters on Oct. 25 to customers whose data was housed
on the stolen computers. Those customers will be offered 12 months of
free enrollment in Wells Fargo's identity protection program, Waetke
said.
Wells Fargo declined to release the number of loan holders
affected by the latest theft but noted it was a small percentage of its
total pool of 4.9 million mortgage customers and 890,000 student loan
holders. Waetke said the number of customers affected was in the
"thousands."
In the other two cases, a Wells Fargo vendor in Concord,
Calif., had several items stolen in November 2003, including a desktop
that contained personal data of the bank's mortgage and home equity
customers. And in March of last year, a St. Louis bank employee's car
was stolen. In the bag was a laptop containing customers' sensitive
mortgage data, Waetke said. The car was later recovered, but the laptop
was not.
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