Saturday, October 04, 2008

Major company loses shareholder personal info in shipment

Now there is at least one company that lost the personal information of shareholders during the routine shipment of a computer cassette to an iron mountain facility. As usual, the company (will not be identified here) offers free credit monitoring for one year. I know this from a letter to an individual that I personally saw.

More and more, it seems that many compromises of consumer and investor security are simply matters of logistical security and competence well known from the bricks and mortar world that preceded the Internet.

And this was just a matter of business-to-business logistics. It didn’t even concern employees taking work home or telecommuting.

I can remember when working sometimes taking corporate shipments to UPS or to USPS Express Mail myself and handling the receipts. It’s something that basic.

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