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By Staff Reporters
HAPPY PRESIDENT’S DAY 2024
The Stock and Bond Markets are Closed!
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READ BANK TYPES: https://marcinkoassociates.com/bank-types/
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Bank of America just acknowledged that the personal information of 57,028 of its customers has been compromised. This breach, attributed to a failure at Infosys McCamish Systems (IMS), a provider of insurance business process solutions engaged by the bank, poses a substantial risk of identity theft to the affected individuals.
The data breach notification, filed in Maine, reveals that sensitive information related to Bank of America’s deferred compensation plans was inadvertently accessed. IMS, in a notification letter to customers, disclosed that the compromised data encompasses a range of critical personal details. The accessed information includes customers’ names, addresses, business email addresses, dates of birth, Social Security numbers, and other account specifics. Such data is typically all required for an identity thief to execute fraudulent activities under another person’s name.
IMS’s admission that it might never be able to precisely identify what information was accessed underscores the severity and potential long-term consequences of the breach. This uncertainty adds an additional layer of anxiety for customers, highlighting the challenges in mitigating the aftermath of such security failures.
CITE: https://www.r2library.com/Resource
Finally, Walmart and Home Depot will be the star of the show this week they report their earnings for the holiday quarter. Nvidia will also try to keep its historic hot streak going when it reports on Wednesday—expectations are through the roof.
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Filed under: "Ask-an-Advisor", Breaking News, Ethics, Experts Invited, Health Economics, Investing, Retirement and Benefits, Risk Management, Touring with Marcinko | Tagged: bank, Bank America, bank types, banks, BoA, data breach, deferred compensation plans, IMs, Infosys McCamish Systems, IT, Marcinko, Nvidia, retirement, social secutiy numbers, Walmart |
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