3.3 Million Records Lost After Break-in

A Minnesota company that processes loans for students nationwide has reported a major theft of “personally identifiable information” involving 3.3 million students after a break-in last weekend at its Oakdale headquarters.  No bank account or other financial information was included in the data.

Chief executive Richard Boyle said the theft occurred from a secured location at ECMC and involved portable media containing student loan borrowers’ personally identifiable information.  The media was apparently removed from a safe.