Personal information for 600,000 current and former Time Warner employees has been lost, the company announced on Monday, potentially setting the stage for one of the largest cases yet of identity theft.
Time Warner said the mishap occurred on March 22, when data storage company Iron Mountain was transporting its backup tapes to a storage facility away from its offices. The company lost the tapes while in transit, said Kathy McKiernan, a Time Warner spokeswoman.
"The tapes were discovered missing on the same day they were picked up," McKiernan said. "We launched an investigation, and when we could not rule out foul play, we contacted the (U.S.) Secret Service to investigate."
Time Warner waited for more than a month before notifying current and past employees that their personal information may have been compromised.
"We didn't want to compromise the investigation," McKiernan said. "We determined we could notify people now without it impeding the investigation."
The media giant has set up an 800 number to answer past and current employees' questions and provide free credit monitoring for a year. A few days ago, the company began the process of encrypting its data.
To date, Time Warner says it has not received any notices of compromised personal information from current and former employees.
The Bank Of America tapes may still be sitting around somewhere gathering dust because they got routed wrong and it may be the same case for these records too. Only time will tell and maybe not even then, if the person who eventually finds them doesn't put two and two together and contacts the right people we may never know.
OTOH, if they were truly stolen then we may also eventually see the results of whatever was taken (unless the thief just wanted the media and ignores the current content).
why only one hard copy??? why not a hard copy at the location and another sent in for archival purposes? it makes no sense to put all your eggs in one basket. i think the employees should file a suit against time warner (and those like it) for lost information and incompetence.
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OTOH, if they were truly stolen then we may also eventually see the results of whatever was taken (unless the thief just wanted the media and ignores the current content).
I deal with Iron Mountain and TimeWarner, both in indirect ways.
Where was this?