ID theft - bank finds a way to profit

Thursday, 28 July 2005, 2:34 AM EST

Federal regulators say Wells Fargo jeopardized the personal information of hundreds of thousands of customers through a string of security breaches over the past two years. Wells in turn has found a way to profit from the problem.

The San Francisco bank, in conjunction with marketing behemoth Trilegiant, is offering a new service called Wells Fargo Select Identity Theft Protection. For $12.99 a month, this includes daily monitoring of one's credit files and assistance in dealing with cases of fraud.

By David Lazarus at SFGate.

[ Read more ]

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