Great, more bumblers at work...
Senate Spotlight Turns to Data Security:
Last month, ChoicePoint, one of the largest suppliers of private consumer data, disclosed that criminals masquerading as legitimate small-business customers had gained access to files on 145,000 people. The FTC is investigating ChoicePoint, and the Securities and Exchange Commission is looking into stock sales by two of the company's executives after the company discovered a breach last fall.Last week, Bank of America Corp. said it had lost financial information for 1.2 million federal employees -- including some senators on the banking committee that conducted yesterday's hearing -- who participate in the government's charge-card program. The latest blow came Wednesday, when LexisNexis, a large data-warehouse firm owned by Reed Elsevier PLC, announced that 32,000 files had been compromised. Executives for ChoicePoint and Bank of America are expected to testify in a hearing next week.
