Good post up about the cost of a data security breach to Maine banks:

So let’s see..71 of 75 institutions in Maine were affected, although 53 of those were the Hannaford incident. One in three breaches resulted in fraudulent transfers.

Why steal when you can buy for pennies on the dollar?

Your records for sale to the highest bidder:

Earlier this month, the Mini Self Storage company in Scarborough was prepared to auction off the contents of a unit rented to a mortgage brokerage that hadn’t paid its bill: 60 boxes of financial records, including loan applications with personal financial information such as Social Security and bank account numbers.

…

Nothing in Maine law prevents storage facilities from selling sensitive financial, personal or medical records to the highest bidder, when their original owners do not pay their storage bills. And that is becoming a real concern, with the failure of several dozen mortgage companies in Maine since the recession began one year ago.