Comments on: Bank of America ‘loses’ vital data

By: Reader's Write

Reader's Write — Thu, 17 Mar 2005 21:16:30 +0000

NOTE: I’m still waiting on my password and login confirmation, folks, so layoff on the anonymous coward stuff if you don’t mind.

Readers should be aware of the fact that Bank of America’s (BOA)incompetent handling of their confidential information could cause them to be billed by BOA for any loses involving the fraudulent usage of credit cards issued by BOA even if the cardholder has notified the bank that the charges are not theirs.

My BOA issued Visa credit card was used without my permission. I notified the bank in a very swift and timely manner and have proved to the bank that the charges are fraudulent. I have filed felony theft charges with the Houston, Texas Police Department’s Financial Crimes Division against the perpetrator, yet BOA still insists that I must pay these bogus charges.

Additionally, BOA will NOT furnish my attorney with a contact name in their legal department so as to initiate a line of communication in the attempt to resolve this.

The reason BOA is siding with the thieves and not me is that they can extort me by the threat of ruining my credit.

BOA has been going steadily down hill for some time now. A Florida man is sueing them for allowing his account at the bank to be emptied by hackers. The bank refuses to repay him for their lax security in allowing this to happen, just as it has now happened to over a million other BOA customers (Scroll down to the bottom to see cut and paste links for the articles that this information comes from).

Another instance of extremely poor judgment on the part of BOA is that they grossly over paid for their purchase of Fleet bank by many millions (scroll down…)

As they say on TV “but wait, there’s more”. The BOA is close to reaching a settlement with the SEC about settling allegations that several employees traded stocks with advance knowledge of research reports by the bank’s analysts (see below for these and others…)

Hacking into / Stealing a BOA customers money Cut & Paste link:
http://www.crime-research.org/news/02.28.2005/995/

BOA settles Worldcom lawsuit Cut & Paste link:
http://www.chron.com/cs/CDA/ssistory.mpl/business/3067535

SEC Investigation Cut & Paste link:
http://www.thestreet.com/_tscfoc/markets/matthewgoldstein/10211317.html

Caveat Emptor, people.

By: Reader's Write

Reader's Write — Mon, 28 Feb 2005 22:07:05 +0000

I’d like to see how much mooley was given by BofA to political campaigns….

Can you say “Favor”?

By: Reader's Write

Reader's Write — Sun, 27 Feb 2005 19:35:30 +0000

If what they did was “safegaurd it seriously,” I’d really hate to see what would happen if the got careless!

By: Reader's Write

Reader's Write — Sun, 27 Feb 2005 09:54:47 +0000

quotes Barbara Desoer, in charge of technology, service and fulfillment for the bank, as saying, “The privacy of customer information receives the highest priority at Bank of America, and we take our responsibilities for safeguarding it very seriously.”

YEA RIGHT!!!!!!

By: Reader's Write

Reader's Write — Sun, 27 Feb 2005 06:59:40 +0000

“mislaid 1.2 million backup tapes”

When you lose your car keys they are mislaid.

When you “lose” *1.2 million* tapes it is deliberate.
And if you lost 1.2 million tapes, you shouldn’t expect to recover them.

By: Reader's Write

Reader's Write — Sat, 26 Feb 2005 22:33:14 +0000

so… can anyone “find” this financial data on these senators who passed bills like the infamous pirate act and post them to servers in china or something =-)