REPORT: Major Bank’s Employee May Have Stolen Information About 1.5 Million Clients

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As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by WSJ.com:

SunTrust Banks Inc. said Friday that an employee may have stolen information of about 1.5 million customers and provided it to a “criminal third party,” the latest example of a potential breach that underscores the vulnerability of consumers’ private data.

The Atlanta-based bank said the employee, who no longer works at SunTrust, attempted to access client information, although it has “not identified significant fraudulent activity” around impacted accounts.

The article goes on to state the following:

Companies including banks are increasingly contending with data risks from both outside actors and misconduct by company employees. Consumers are already on edge about the security of their data after a massive breach at credit-reporting firm Equifax Inc., where a cyberattack last year exposed the data of 147.9 million U.S. consumers.

SunTrust, which is one of the larger U.S. regional banks, said it became aware in late February of an employee’s possible “inappropriate access” of client information and began an internal investigation. Late last week, the bank learned that the employee may have attempted to print the information and share it outside the bank. Chief Executive Bill Rogers said that triggered his decision to disclose the possible breach.

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