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back to article Insider data theft costs Bank of America $10m

A Bank of America insider who stole customers' personally identifiable information and gave it to identity thieves has cost the bank $10 million in losses, according to media reports. The unnamed employee and some 95 others involved in the scam were arrested in February, IDG News reported, citing a special agent with the US …

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When I saw that sub-heading...

...I just figured, what kind of insane thief would even think about trying to take on Leonidas?

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Unhappy

But...

I thought money only disappeared from bank accounts because naive customers handed over their details.

At least that's what the bank told me when somebody skimmed my card.

Shirley some mistake...

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Strange numbers.

$10G /300 customers = $33K stolen in liquidities, on average, from each account? That seems a bit steep... so the insider targeted the very top end of the customer grade.

And 95 scammers involved in it, how do you even do it? Short of a mob of hooligans, what single criminal operation can be undertaken effectively with such a quantity of people?

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Anonymous Coward

you ask?

apparently not this one...

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