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Massive ID Theft affects 3.3M Student Loan Borrowers

The names, addresses, and Social Security numbers of 3.3 million people were stolen in what is believed to be the largest-ever breach of personal information amongst university students. The issue could affect as many as 5% of all federal ... student-loan borrowers. According to Educational Credit Management Corp. (ECMC), a non-profit guarantor of federal student loans, during the weekend of March 20-21 the personal details of 3.3 millions borrowers were stolen from their St. Paul, Minn. headquarters. The theft did not involve hackers. ECMC spokesman Paul Kelash told the Wall Street Journal that ... (view more)

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