Bank of America Loses Tapes of Records of 1.2 Million With Visa Cards

Bank of America said yesterday that it had lost computer backup tapes containing personal information about 1.2 million federal employees, including some senators, with Visa charge cards issued by the bank.

The tapes were lost in shipment. I am not so sure how the spokeswoman for Bank of America, Alexandra Trower, feels so confident that the information was not stolen. There may not be any fraud instances yet as they say but that is no guarantee. I had better hopes from Bank Of America. Why aren’t they acccepting the consequence and changing all the accounts?

The bank said it did not think it needed to change those account numbers.

Such an attitude makes all of us less confident to choose them as a banker. How much fraud will they wait for before they decide to bite the bullet?