More Banks Notifying Customers Over Data Theft

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Two national banks headquartered here are notifying customers that their records may have been stolen by bank employees. More than 100,000 customers of Wachovia Corp. and Bank of America Corp. were notified of the theft of their personal data, which was then sold to collection agencies. The investigation is centered in Hackensack, N.J., where police are conducting the investigation. Police said as many as 700,000 customers of four banks may be affected. Both Wachovia and Bank of America are providing affected customers with free credit reporting services. The other banks involved are Commerce Bank, Cherry Hill, N.J., and PNC Bank, Pittsburgh.

Police in Hackensack have arrested nine people, including seven bank workers, in an alleged plot to steal financial records of bank customers. Police discovered the theft while conducting a separate investigation.

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