David Akin's On the Hill :: CIBC sends confidential customer data to West Virginia scrapyard

Gemini Award-winning reporter David Akin is the National Affairs Correspondent for Canwest News Service and is based at the CNS Parliamentary Bureau in Ottawa, Ontario, Canada.
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CIBC sends confidential customer data to West Virginia scrapyard

by DavidAkin on Mon 29 Nov 2004 08:51 AM EST | Permanent Link | Cosmos

The Canadian Imperial Bank of Commerce has been faxing confidential information about hundreds of its customers to a scrap yard operator in West Virginia for more than three years, and he says he can't get them to stop.
Wade Peer says he has been overwhelmed since 2001 by internal CIBC fund transfer request forms containing the social security numbers, home addresses, phone numbers and detailed bank account data of several hundred bank customers.
"Had I been a bad guy, I could have got credit cards in their name, I could have assumed their identity. I could have transferred money out of their bank accounts and they'd never know that it happened," Peer said at his 30-acre scrap yard in the rolling hills of West Virginia . . . [Read the CTV story and watch the video ]

Keywords: privacy

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