Big data breach at JPMorgan

We've discussed at length your customer data security obligations when it comes to customer data. Radio Shack's unfortunate event was both humiliating and costly. It never ceases to amaze me that companies, even big ones, are not more systematic about moving data. The latest example is JPMorgan. It announced recently that tapes of sensitive customer data, of its highest net worth customers no less, were lost last year. It has recently alerted 47,000 accounts in the Chicago area and advised holders to check for iffy activity. In a separate incident, a local union announced it found records in large trash bags outside some Chase branches. It posted video of the discovery on the Net. The union is trying to organize security employees at the bank. Make of that what you will. The point is that these sorts of breaches are a big no-no. This is a priority of the highest order.  

For more:
- here's the union video