Citibank Now Outsourcing Its Data Theft

As if American firms aren't doing a good enough job of making their private data public knowledge right here in the good ole' U.S. of A., now they are outsourcing even our fraud overseas....Sheesh....

From TVC Alert:

Outsourcers Steal Personal Data

(7 Apr) Police in Pune, India arrested 12 people, including 3 former employees of an outsourcing company hired by the New York-based Citibank N.A. to run its call center. The twelve "are charged with collecting and misusing account information from customers they dealt with as part of their work at the call center." They used the personal information they obtained to transfer funds from the Citibank customers' accounts to their own accounts.

The story comes from a Computer World article that can be found here.

-- MDT