Payroll Firm Fooled Into IdentityTheft

NEW YORK - (07/07/06) – In the latest large-scale databreach, payroll provider Automatic Data Processing said Thursday itwas tricked into disclosing personal data on tens of thousands ofbrokerage customers to someone impersonating corporate officers.ADP, which also handles investor communications for severalbrokerage firms, said it gave the lists to an unauthorized thirdparty who fraudulently requested the data. The information includesnames, addresses and the numbers of shares owned by investors, butdid not include account or Social Security numbers, the companysaid. ADP said it provided the shareholder lists between November200 and February 2006.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER