4.5 Million unencrypted customer records lost

How can you lose 4.5 Million unencrypted customer records?

Well at least we know you can, this has bean proven by the Bank of New York. They lost two sets of unencrypted backup tapes containing private data belonging to 4.5 million customers.
They have the nerves to come with the excuse that a third-party vendor misplaced the tapes during transport to off-site locations. According to the bank, the tapes “included shareowner and plan participant account information, such as name, mailing address, Social Security number, and transaction activity.”

Isn't that nice to know how the banks play with such private information?

BNY Mellon’s chief risk officer, Todd Gibbons, said the bank now plans to improve security related to backup tapes. From Computerworld:

To bolster its security controls, the bank said it will now require that any confidential data written on tapes or CDs for transport must be encrypted or transported with undisclosed additional data protections. Further, when “technically feasible,” the bank will demand that encrypted confidential data be delivered to off-site facilities electronically, noted Gibbons. ...cute isnt it?

Now they are thinking about that, cause till now we where still in the 1900 years and subjects such as SECURITY where not discussed in every newspaper/TV show/Movie/Internet

The funny part is that they are saying nothing about if they found the lost data or if they at least have a clue about where the tapes could be ... because from February the 27th, 2008 and till now they sad nothing to the customers and also didnt came up with the tapes... maybe the tapes are in nirvana now.