Debt Articles Identity Theft Related Student Loan Related

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.


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.




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Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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