Data theft targets 3.3 million with student loans

03/27/2010 10:50 am 0 comments

Source: Steve Karnowski / AP / MSNBC

A company that guarantees federal student loans said Friday that personal data on about 3.3 million people nationwide has been stolen from its headquarters in Minnesota.

Educational Credit Management Corp. said the data included names, addresses, Social Security numbers and dates of birth of borrowers, but no financial or bank account information.

The data was on “portable media” that was stolen sometime last weekend, ECMC said in a statement. Company spokesman Paul Kelash wouldn’t specify what was taken, citing the ongoing investigation, but said there were no indications of any misuse of the data.

ECMC said it has arranged with credit protection agency Experian to provide affected borrowers with free credit monitoring and protection services. Borrowers will be receiving letters from ECMC soon on how to sign up, gain access to fraud resolution representatives, and be provided with identity theft insurance coverage.

To read this article in its entirety visit MSNBC.com.

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