Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Blogs E-mail Newsletters People Tracker Portfolio Tracker Special Reports Video & Audio Commerce Energy Health Care Logistics Manufacturing Services Technology Washington CIO Network Digital Entertainment Enterprise Tech Infoimaging Intelligent Infrastructure Personal Tech Sciences & Medicine Bonds Commodities Currencies Economy Emerging Markets Equities Finance Human Resources Law & Taxation Sales & Marketing Management Technology Careers Compensation Corporate Citizenship Corporate Governance Managing Philanthropy CEO Network Reference Estate Planning Funds Investment Newsletters Retirement Strategies Taxes Collecting Health Real Estate Sport Travel Vehicles Wine & Food 100 Top Celebrities 400 Richest Americans Largest Private Cos World's Richest People All Forbes Lists Business Opinions Investing Technology Opinions Washington & The World Companies People Reference Technology Companies Events People Reference Home > Business > Faces In The News E-mail | Print | Comments | Request Reprints | E-Mail Newsletters | [plus8x8.gif] My Yahoo! | RSS Faces In The News Citigroup Blames UPS For Customer Data Loss David M. Ewalt, 06.06.05, 4:23 PM ET NEW YORK - Doers and doings in business, entertainment and technology: [weill_sanford.jpg] Sanford Weill _________________________________________________________________ [facestrack.gif] Add To Tracker Citigroup (nyse: C - news - people ) Chairman Sanford Weill is probably echoing the punch line on those old TV commercials: "I should have used Federal Express (nyse: FDX - news - people )!" Citigroup has begun notifying some 3.9 million U.S. customers that computer tapes containing information about their accounts have been lost by United Parcel Service (nyse: UPS - news - people ) while in transit to a credit bureau. The tapes contained information about United States branch network customers of CitiFinancial, the company's consumer finance division, as well as customers with closed accounts from CitiFinancial Retail Services. Citigroup says it has no reason to believe that this information has been used inappropriately, nor has it received any reports of unauthorized activity, but wants to make customers aware of the problem and provide them with suggestions on how to protect their identity. "We deeply regret this incident, which occurred in spite of the enhanced security procedures we require of our couriers," said Kevin Kessinger, executive vice president of Citigroup's global consumer group, in a statement. "There is little risk of the accounts being compromised because customers have already received their loans, and no additional credit may be obtained from CitiFinancial without prior approval of our customers." UPS is not the first company to misplace a package and potentially expose personal information; last month, Time Warner (nyse: TWX - news - people ) said that data storage company Iron Mountain (nyse: IRM - news - people ) lost tapes containing 600,000 employee records. ______________________________________________________________________ _________________________________________________________________ News Scan | Forbes.com Headlines | Special Reports | Archive E-mail | Print | Comments | Request Reprints | E-Mail Newsletters | [plus8x8.gif] My Yahoo! | RSS ______________________________________________________________________ _________________________________________________________________ Trading Center Brought to you by the sponsors below CEO Book Club more > [0727house_of_money_thumb.jpg] The Philosopher Kings Of Hedging The Philosopher Kings Of Hedging Steven Drobny reveals insights from the hedge fund all-stars. READ REVIEW BUY THIS BOOK [071406bookreview.gif] Laissez Faire In The Studio Dunstan Prial At Columbia Records, John Hammond made some of the greatest discoveries in American music. READ REVIEW BUY THIS BOOK Search Books [Title........] _______________ Go Advanced Search | New & Notable SitemapHelpContact UsInvestment NewslettersForbes ConferencesForbes MagazinesForbes Autos Ad Information Forbes.com Wireless RSS [xml.gif] Reprints/Permissions Subscriber Services © 2006 Forbes.com Inc.™ All Rights Reserved Privacy Statement Terms, Conditions and Notices Delivered By [mirrorimage.gif] Tested By [spirent.gif] Market Data By [hemscott.gif] Market Data By [comstock.gif] Market Data By QuoteMedia.com American History [web_logo_forbescom_small.gif] Luxury Cars [fadc-sm-logo-footer.gif] Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. U.S. indexes are delayed at least 15 minutes with the exception of Nasdaq, Dow Jones Industrial Average and S&P 500 which are 2 minutes delayed. Powered By [att.gif] Financial News - Business News Financial News - Business News Investment Newsletter - Financial Newsletters - Stock Newsletter Polls & Discussions Financial Tools - Stock Trading Tool - Investing Tool - Planning Tools Special Reports Video News - Financial Video Reports Business News - Business Information Retail News - Commerce News - Retail Industry News Energy News - Utility News - Energy Industry News Health Care News - Healthcare News - Health Care Industry News Manufacturing News - Supply Chain News - Manufacturing Industry News Business Services News - Service Industry News - Services Industry News Technology News - Information Technology News - Tech News Technology News - Tech News E-Business Enterprise Tech Future Tech Networks Personal Tech Sciences and Medicine Stock Market News - World Markets - Stock Quotes Bonds Commodities Currencies Economy Emerging Markets Equities Personal Finance - Personal Finances - Financial Advise Estate Planning Funds Philanthropy Retirement Strategies Taxes Lifestyle Collecting Health and Fitness Real Estate Sports Travel Vehicles Wine & Food Business and Finance Magazines Forbes Magazine Forbes Global Forbes FYI Forbes ASAP Best of the Web Archives Subscriptions Columnists Forbes Pemium Services Business Services Forbes Services Investing Services Lifestyle Services Forbes Lists - Award List - People List People 100 Top Celebrities | 400 Richest Americans | The World's Billionaires | Big Bosses & Paychecks | Midas List | China's 100 Richest Business People Companies Forbes 500s | 200 Best Small Companies | 400 Best Big Companies | 500 Largest Privates | International 500 | The Global A-List Places Forbes/Milken Best Places | Best Cities for Singles | Best Business Restaurants | World's Ten Best Airport Lounges | World's Best Beach Resorts Career Information - Career News - Work News Forbes.com: Careers Forbes.com: Compensation Forbes.com: Entrepreneurs Forbes.com: Management