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Sarbanes-Oxley News & Developments
Bank Data StolenBank of America, Wachovia, other banks warn thousands of customers of theft.
> > In one case, former bank employees from Bank of America Corp. and Wachovia Corp. allegedly sold customer account numbers and balances to a middleman, who then resold the data to collection agencies, according to the The Wall Street Journal. Apparently, collection agencies use this type of data to expedite collection actions.
Source: CFO
Published:2005-05-24
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