- Confirms that the lost tapes were not encrypted.
- Confirms that Citi knows that the data really should have been encrypted in the first place.
- Suggests that sending the data electronically is somehow safer than using a courier.
So, like I said in my last posting, large numbers of unencrypted tapes full of your financial details have been flying around the country for years. Untold numbers have likely gone missing, after all, if this was an isolated incident, Citi would be the first to defend their practice of using UPS by saying "This is the first time this has ever happened." It is only the new notification laws that are finally shedding light on this sad state of affairs.