US COMPUTERS STOLEN LPL Financial reports theft of computers | Office of Inadequate Security:

LPL Financial reports theft of computers

July 16, 2009 by admin
Filed under Breach Incidents, Financial Sector, Hack, Of Note, Subcontractor, Theft, U.S

LPL Financial (formerly known as Linsco/Private Ledger Corp) has had a number of data breaches in the past few years, most of which never get reported in the media. Two more have just come to light.

In one newly revealed incident, two desktop computers were stolen from the office of Sullivan and Schlieman Wealth Management, LLC, a financial advisor in Alpharetta, Georgia. The theft occurred on March 27, 2009. Personal information including names, addresses, financial account information, and Social Security numbers “may have been breached,” according to a June 1 letter sent to the New Hampshire Attorney General’s office by LPL. Although the theft occurred on March 27 and was reported to the local police, LPL was not notified of the incident until April 29. Affected individuals were notified in May.

In a second newly revealed incident, two computers and a server were stolen from the office of Sandru Financial Group in Perrysburg, Ohio on April 8. LPL learned of the incident on April 9 and notified those affected that month that their name, address, Social Security number and financial account information were on the stolen devices.

Neither report nor notification letters indicate whether the data on the stolen devices were encrypted.