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Home » Hacking News » Bank customer details sold

Bank customer details sold

by Nikola Strahija on May 24th, 2005 The sale of sensitive banking details to an allegedly bent debt collection agency has triggered warning letters to more than 100,000 US consumers.


Bank of America has told about 60,000 customers and Wachovia a further 48,000 that their financial records have been breached. Both banks have offered affected customers free credit monitoring services for a year.

The alleged plot to swipe the banking records of thousands emerged last month after police in Hackensack New Jersey charged nine people, including seven bank workers, over the scam. The arrests followed a February raid on the home of Orazio Lembo Jr, 35, which recovered 13 computers containing the banking details of customers Bank of America and Wachovia along with clients of Commerce Bank and PNC Bank of Pittsburgh.

Investigators allege Lembo sold bank account details and employment information to collection agencies and law firms through his firm DRL Associates. The information was supplied by corrupt bank workers who were paid $10 a pop for their trouble.


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