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Educational Credit Management Corp (“ECMC“), a large guarantor of federal student loans, recently reported the theft of stored confidential information, allegedly by an employee who is now in custody. This information included names, Social Security Numbers, date of birth and address of people who have student loans.

ECMC notified approximately 3.3 million people that their information may have been compromised and is offering to pay for a year of credit monitoring services for those affected.

These types of notices shake people up; they are unsure whether this information has been used or sold to scammers and they are equally unsure how to find the truth.

If you believe you are the victim of identity theft, here are the Federal Trade Commission’s immediate steps. If your business handles personally identifying information, here are some guidelines for protecting that information.

Tags: credit monitoring, data theft, ECMC, Educational Credit Management Corp., federal student loans, Federal Trade Commission, FTC, indentity theft, personally identifiable information, student loan guarantor

This entry was posted on Tuesday, April 20th, 2010 at 1:11 pm and is filed under Consumer Law, Identity Theft. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.