Article about a business that should have used secure email or another security measure to protect their data:
http://www.nytimes.com/2005/06/09/business/09data.html
The NY Times article I read is about the mishap that Citigroup had when their magnetic strip of 120,000 Japanese customers' personal data disappeared and is still yet to be found. The information compromised included names, addresses, account numbers and balances. This recently happened again to CitiBank customers of Citigroup; an entire box of tapes traveling by UPS was lost, containing personal information of almost 4 million Americans. Although the company is in the process of transferring to "secure electronic channels" to move important data, currently their information is open to any "computer-savvy" thief who can pull the information off of the magnetic computer tape. Citigroup, as well as ChoicePoint, Wachovia, and Time Warner, need to invest in encryption and securing all of their technological pathways.
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