This security breach seems highly dangerous, indeed possibly devastating in light of the identity theft threat, he said in a statement last week, and urged the Bank to offer extensive and free credit monitoring and identity theft protection to affected customers.
The Bank finally complied with this demand earlier today, although executives played down the potential for large-scale identity theft in a statement.
Although there is no indication that the data on these tapes has been misused, we are working with our clients to notify individuals who may be affected and offering two years of comprehensive fraud protection, said Todd Gibbons, the banks chief risk officer.
The Connecticut Attorney General welcomed this move in a separate statement today, but he also urged the bank to provide more information about what happened.
We have demanded [that] Bank of New York Mellon give a complete, comprehensive account of this data breach, said Blumenthal. The bank must explain to consumers how it lost their information, why it took so long to inform them and law enforcement, and how it will prevent future breaches.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
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