IBM firm sued over stolen hard drive

vnunet.com IBM firm sued over stolen hard drive

IBM firm sued over stolen hard drive By Nick Farrell [11-02-2003] Class action suit seeks millions in damages for possible identity theft A Canadian computer company may be sued for millions following the theft last month of a hard drive containing information on hundreds of thousands of people.

The disk belonged to ISM Canada, a data management company and wholly owned subsidiary of IBM Canada. One of the company's employees has since been charged with possession of stolen property and is due to appear in court on 27 February.

Stored on the 30GB drive were tax records for 43,000 businesses and details of about 650,000 clients of Investors Group, Canada's biggest mutual fund firm.