Company Says 3.3 Million Student Loan Records Stolen

Data on 3.3 million borrowers was stolen from a nonprofit company that helps with student loan financing. The theft occurred on 20 or 21 March from the headquarters of Educational Credit Management Corp (ECMC), which services loans when student borrowers enter bankruptcy. The data was contained on portable media, said the organisation, which is a dedicated guaranty agency for Virginia, Oregon and Connecticut. The data included names, addresses, birth dates and Social Security numbers but no financial information such as credit card numbers or bank account data, ECMC said in a news release