76338
submission
dreamturtle writes:
CBC News in Canada is reporting a security breach at Canada's fifth largest bank, The Canadian Imperial Bank of Commerce (CIBC). The Bank says that a backup computer file containing information on almost half a million of its Talvest Mutual Funds clients has gone missing whilst in transit. The information may have included client names, addresses, signatures, dates of birth, bank account numbers, beneficiary information and/or Social Insurance Numbers. The missing files contain everything that you need for identity theft. As of yet, There is no evidence the information has been accessed inappropriately. CIBC said it will compensate clients for any monetary loss arising from the security breach. Canada's privacy commissioner is investigating.
In 2004 it was revealed that CIBC was incorrectly faxing confidential information related to banking clients to a scrapyard in West Virginia over a period of three years.