Bank of America suffered a massive data breach that exposed Social Security numbers, addresses, and additional sensitive data to hackers.

Tens of thousands of Bank of America customers are at risk of being targeted by identity fraud after a massive security failure exposed sensitive personal information.
According to a data breach notification filed in Maine, 57,028 Bank of America customers were exposed due to the failure of Infosys McCamish Systems (IMS), an insurance business process solutions provider the bank was using.

The notice sent by IMS states that data related to one of Bank of America’s deferred compensation plans was accessed, which contains virtually all the information a hacker would need to steal someone’s identity.
“IMS is unlikely to be able to determine with certainty what personal information was accessed as a result of this incident.
Our records show that deferred compensation plan information may include your first and last name, address, work email address, date of birth, Social Security number and other account information.”
In response to the breach, IMS offered victims two years of free identity theft protection from Experian and advised Bank of America customers to reset their passwords and monitor their accounts for suspicious activity.
“Notwithstanding that we are not aware of any misuse of your information, we would like to inform you that Bank of America will be offering a complimentary two-year membership to its identity theft prevention service provided by Experian IdentityWorksSM.
You will not be charged for this service, but you must register to activate it. This product provides daily monitoring of credit reports from three national credit reporting companies (Experian, Equifax®, and TransUnion®), Internet surveillance, and identity theft remediation. This service expires at the end of the free period and does not renew automatically.”
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