Imagine waking up and having this happen to you. A person just forwarded me this news story that happened a few weeks ago where a student had logged in to her online back account and upon reviewing her account information she realized that she had $55,000 in it. On top of that, she had someone elseâ€™s complete banking history and address.
Apparently the bank is Presidentâ€™s Choice Financial which is a part of CIBC. The more interesting thing is that she was trying to give it back to the rightful owner and instead she kept getting the run around from the bank and was unable to do so. You can read more about the story here and there is a video as well.
Kind of a scary security breach I must say. I actually once had my banking account information displayed on someone elseâ€™s statement before. Yes, it had details such as the amount of money I had in the account. Fortunately though, that person was actually a family member and so it wasnâ€™t too big of a deal I thought at the time. With an example like the above where the person actually received the other personâ€™s money though and to a complete stranger I can easily imagine how outraged a person would be over that.