Universities not the only ones risking student data

The financers of kids’ college educations are doing it too!

A contractor for the Texas Guaranteed Student Loan company lost 1.3 million names and SSNs when a piece of equipment (which was not identified – meaning it was a laptop left in the front seat of a parked car), was stolen. The incident happened May 24th, the TGSL was notified two days later. The notice included a statement about the data being encrypted, then decrypted, followed by a “well the machine needs password access” – why didn’t they just say everyone listed in the database is now completely screwed?

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