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Commonwealth Bank Admits to Losing 20 Million Account Records in 2016

The Infinite Brief
Commonwealth Bank has admitted to losing historical bank statements belonging to almost 20 million personal accounts in a 2016 incident they chose not to make public.

Two magnetic tapes that contained customer statements were scheduled for destruction by the bank when they disappeared in May 2016.

The tapes contained customer names, addresses, account numbers and transaction details from 19.8 million accounts spanning 2000 to early 2016.

They did not contain passwords, PINs or other data which could be used to enable account fraud, CBA said in a statement on Wednesday night after BuzzFeed broke the story.

Originally via The Sydeny Morning Herald 

Commonwealth Bank has admitted it lost historical bank statements belonging to almost 20 million personal accounts in a 2016 incident it chose not to make public. It’s understood two magnetic tapes that contained customer statements were scheduled for destruction by the bank when they disappeared in May 2016.

See the original article at https://www.smh.com.au/business/banking-and-finance/almost-20-million-bank-account-records-lost-by-commonwealth-bank-20180502-p4zd02.html

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