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Financial Analyst Fined, Jailed for Data Breach

SSN PRIVACY—U.S.

October 4, 2011

A former senior financial analyst for a home loan firm has been sentenced to eight months in prison, fined $1.2 million in restitution and restricted from future access to consumer data for his actions related to a data breach in 2008, Infosec Island reports. Rene Rebello was arrested in 2008 after investigators found that he had accessed, processed and sold the financial information of approximately 2.5 million Countrywide Home Loan customers. Rebello admitted that in nearly 50,000 instances, individuals' Social Security numbers were revealed. The former employee pled guilty to violating 42 U.S. Code 408 (a)(8) for illegally disclosing the Social Security numbers.  
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