Inside Job

From the Los Angeles Times, a story about a data breach affecting Bank of America customers on the West Coast, which probably explains why there wasn’t much coverage on the East Coast. This LA Times photo is of Andrew Goldstein, whose bank accounts were drained of $20,000 by a fraud ring. The crooks, using insider information, accessed enough information about him to order checks, forward his phone calls, and request money transfers from one account to another. Regional bank fraud is no less worrisome to customers than nationwide bank fraud. Shouldn’t all Bank of America customers be told about this? And shouldn’t they hear it from their bank first, instead of a newspaper article?

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