62,000 Records Lost on Unencrypted Tape
DATA LOSS—IRELANDMay 27, 2011
Life insurance and pension company Phoenix Ireland has announced that it lost an unencrypted data tape holding personal information on 62,000 people in July of last year, reports RTÉ News. The company reported the loss to the Data Protection Commission and the Central Bank, but at the time, the bank thought the data was unable to be accessed by a third party. Upon investigation, a forensics expert revealed that--with the right equipment and knowledge--the data could be accessed. The company has sent letters to those affected and has had no reports of fraudulent activity.