Wachovia, Bank of America Alert Customers to Data Theft

More than 100,000 customers of Wachovia Corp. and Bank of America Corp. have been notified that their financial records may have been stolen by bank employees and sold to collection agencies.

In all, nearly 700,000 customers of four banks may be affected, according to police in Hackensack, N.J., where the investigation was centered. None of the affected account holders are believed to live in California.

Bank of America has alerted about 60,000 customers whose names were included on computer disks discovered by police, bank spokeswoman Alex Liftman said Monday.

“We are trying to communicate with our customers as promptly as possible,” she said. “So far, we have no evidence that any of our customer information has been used for account fraud or identity theft.”

Wachovia said it had identified 48,000 current and former account holders whose accounts might have been breached.

“The numbers have increased as we continue to receive additional names from police,” Wachovia spokeswoman Christy Phillips said Monday.

In another case with the potential for identity theft, a laptop containing the names and Social Security numbers of 16,500 current and former MCI Inc. employees was stolen last month from the car of an MCI financial analyst in Colorado, said company spokeswoman Linda Laughlin. The car was parked in the analyst’s home garage, and the computer was password-protected, she said.

The bank record theft was exposed April 28, when police in Hackensack charged nine people, including seven bank workers, in an alleged plot to steal financial records of thousands of bank customers. The bank employees accessed records for customers of Cherry Hill, N.J.-based Commerce Bank, PNC Bank of Pittsburgh, and Charlotte, N.C.-based banks Wachovia and Bank of America, said Hackensack Police Chief Ken Zisa.

Calls seeking comment were not returned by Commerce Bank. PNC declined to estimate how many of their customers’ accounts may have been breached.

“We have no evidence that any of these accounts have been compromised at all,” said Pat McMahon, a spokesman for PNC.

New Jersey authorities found 12 names and Social Security numbers belonging to PNC customers, but the bank found no suspicious activity in the accounts, he said.