Bank to provide two years of identity theft protectionby News Channel 8's Alan Cohn
(WTNH) _ For two years, hundreds of thousands of Connecticut residents will get free credit monitoring. But they're still paying a steep price knowing their personal information is at risk after it was lost by a New York bank.
Attorney General Richard Blumenthal emphasizes there is no evidence right now that the personal information of anyone involved has been misused. But the number of potential victims keeps growing. In Connecticut alone, almost 500,000 people.
...a computer back-up tape that was lost by the Bank of New York Mellon. They handle transactions for People's Bank and dozens of other companies, including Disney and John Hancock.
...Blumenthal has gotten the Bank of New York Mellon to provide two years of free credit protection to those affected including credit reports, identity theft insurance and credit freezes.
...Blumenthal says the company is still trying to figure out how the information was lost and who might have it. The Bank of New York Mellon has set up a hotline for consumers seeking information at 877-278-3451. (Full text at www.wtnh.com)
Knowing who has the info that was lost would be nice but wouldn't matter except for prosecution. Blumenthal stated that there is no evidence that any of the stolen info has been misused. Again, it may not be used for years to come and then it may be used and then resold.
I just hope that the free services they are offering the victims includes restoration of credit and not just monitoring or the victims will still have an uphill battle if their info is misused.
Remember, estimates are that every 2-4 seconds an Identity is compromised. Why take chances? Why not protect yourself and your loved ones with the best suite of services provided (including restoration) by the best NYSE company in the field? Educate yourself and visit the shameless plug below or call me at (909) 208-3728!
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