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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  1. M Gale

    When I saw that sub-heading...

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

  2. Blofeld's Cat
    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...

  3. Marvin the Martian

    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?

    1. Anonymous Coward
      Anonymous Coward

      you ask?

      apparently not this one...

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