Names, addresses, Social Safety numbers and other personal information on borrowers were stolen from the St. Paul, Minn., headquarters of Educational Credit Management Corp., a nonprofit guarantor of federal student loans, during the weekend of March 20-21, according to the firm.
ECMC stated the stolen information and facts was on a transportable media device. "It was easy, old-fashioned theft," stated ECMC spokesman Paul Kelash. "It was not a hacker incident."
ECMC solutions and insures much more than $11 billion in student loans for the U.S. Department of Education. ECMC also owns Premiere Credit LLC, a federal student-loan collection agency. No Premiere accounts had been affected by the theft, Mr. Hawn stated.
http://www.macroinsider.com/business/data-theft-hits-33-million-borrowers-h2082.html