ISR News: Data Theft Spurs Lawsuits
Excerpt from NKY.com
Matthew and Danielle Holmes of Mount Holly, N.J., want a judge to grant class-action status to claims that an employee of the mortgage giant stole detailed financial information from customers and sold it to another person, who then sold it to an unknown number of companies. The suit filed in federal court in Paducah on Thursday is one of more than 30 filed nationally. All the suits have been transferred to Kentucky, where U.S. District Judge Thomas B. Russell of Paducah will oversee the cases.
The lawsuits stem from the arrest of Rene Rebollo Jr., 36, of Pasadena, Calif., a former senior analyst for Countrywide, and Wahid Siddiqi, 25, of Thousand Oaks, Calif. Investigators said Rebollo used a flash drive to download data from about 20,000 customers a week for two years, from 2006 through August 2008, then sold the information to Siddiqi for a total of $50,000.
Filed under: Breach, Class Action Lawsuit, D&O Liability, Financial, ISR News, Insider Threat, Sarbanes-Oxley, Uncategorized, hackers, identity-theft, privacy
Comments
One Comment on ISR News: Data Theft Spurs Lawsuits
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JERRY AND RUTH HUTSON on
Thu, 26th Mar 2009 3:14 pm
We also are victims of idinity thieft by an employee of Countrywide Mortgage. We have gone through pure tourment since this happened and we still cannot get it settled. We seem to have nothing left except to file a personal suite that will cost us fortunes. They continue to defraud us on every side and we can’t even get that stopped. We need all the help from any one to get this all settled and stopped. Thanks, Ruth & Jerry Hutson
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