By Kevin Diaz
March 27, 2010
WASHINGTON -- A Minnesota company that processes loans for students
nationwide has reported a major theft of "personally identifiable
information" involving 3.3 million students after a break-in last
weekend at its Oakdale headquarters.
U.S. Department of Education officials said it is believed to be one of
the biggest cases of student identity theft in the nation, affecting 5
percent of all students with federal loans in the United States.
ECMC, founded 16 years ago as Educational Credit Management Corp., said
Friday that the stolen data include names, addresses, dates of birth and
Social Security numbers. No bank account or other financial information
was included in the data.
In an e-mail Friday to several members of Congress that was obtained by
the Star Tribune, company chief executive Richard Boyle said the theft
occurred from a "secured location at ECMC involving portable media with
ECMC student loan borrowers' personally identifiable information."
According to Boyle, the company is "not aware of any instance of this
data being misused."
Register now for HITBSecConf2010 - Dubai, the premier
deep-knowledge network security event in the GCC,
featuring keynote speakers John Viega and Matt Watchinski!