Ameritrade has known about the problem at least since late May when two of its customers sued the brokerage in federal court because they were receiving unwanted e-mail ads on accounts used only for Ameritrade.
TD Ameritrade Knew About Data Breach Since May
By September 17, 2007
Should Consumers Be Notified Of Every Data Breach?
By July 10, 2007
The report claims that it has “no recommendations,” but the language of the report suggests otherwise. Consumer advocates are taking issue with the GAO’s “not-a-recommendation” of a risk-assessment plan, in part because they believe that every consumer who has been the victim of a data breach should know about it, and also because the connection between data breaches and ID theft is difficult to assess, thus making it somewhat unbelievable that an accurate and useful risk-assessment program could be created.
2.3 Million Customer Records Stolen, Sold To Direct Marketers
By July 3, 2007
Fidelity National Information Services, a financial processing company, announced today that one of its employees had stolen 2.3 million customer records containing credit card, bank account and other personal information, and sold that information to an unidentified “data broker” who then sold the information to various direct marketing companies.
