One of the largest banks in the Eastern U.S. recently said it had been hit by a massive
data breach, resulting from an incident back in March.
TD Bank is now notifying more than 260,000 of its roughly 8 million customers in states from Maine to Florida that it has been hit with a data breach that exposed a wealth of personal and financial information, according to a report from The
Associated Press. The company is acknowledging that unencrypted backup tapes went missing while being transported more than six months ago.
Data including customers' account information and Social Security numbers were contained on the tapes, but the bank notes it has no indication that anyone used it for
identity theft or other malevolent reasons, the report said. Nonetheless, it is monitoring those customers' accounts for signs of fraudulent activity, in addition to offering free credit monitoring and
identity theft protection.
Ondrej Krehel, the chief information security officer for identity Theft 911, writes about how
data breaches can endanger consumers and companies alike.
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