3.3 Million Student Loan Borrowers May Now Be At Risk of Identity Theft

This massive student loan identity theft attack was reported by the Wall Street Journal.

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Company and federal officials said they believed last week’s theft of identity data on 3.3 million people with student loans was the largest-ever breach of such information and could affect as many as 5% of all federal student-loan borrowers.

Names, addresses, Social Security numbers and other personal data on borrowers were stolen from the St. Paul, Minn., headquarters of Educational Credit Management Corp., a nonprofit guarantor of federal student loans, during the weekend of March 20-21, according to the company.

ECMC said the stolen information was on a portable media device. “It was simple, old-fashioned theft,” said ECMC spokesman Paul Kelash. “It was not a hacker incident.”

You can read the full article online here.

Steve Rhode

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