U.S. veterans' data theft may cost $500 million

Monday, 29 May 2006, 1:38 AM EST

The head of the U.S. Department of Veterans Affairs faced angry lawmakers Thursday and described how the theft of a device the size of an iPod containing personal data on 26.5 million veterans may cost taxpayers as much as $500 million.

"As a veteran myself ... I am mad as hell," Veterans Affairs Secretary Jim Nicholson told the House Committee on Veterans Affairs.

At InformationWeek.

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