Feeds

Police arrest ID thief in Wells Fargo case

Stolen PCs recovered

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Police have arrested a California man for stealing computers containing the personal information of thousands of Wells Fargo customers.

Edward Jonathan Krastof, 38, of Concord in California, has confessed to stealing a computer containing the sensitive information after breaking into the offices of a financial analyst hired by Wells Fargo, Reuters reports. Krastof also stole another computer and laptop during the same burglary.

Concord Police Sergeant Steve White told Reuters that investigators recovered the computer gear - along with "equipment used for scanning identity cards and cheques" - when they raided Krastof's home.

White described Krastof as a "low-level ID theft kind of guy."

Police traced Krastof after he logged onto his AOL account using one of the stolen computers.

Wells Fargo offered a $100,000 reward for information leading to the arrest and conviction of the criminals who stole the machine containing a sensitive customer database. Because Krastof's arrest came through regular police work, and not a tip-oof from members of the public, Wells Fargo will keep this money.

Data on the computer included names, addresses, account and social security numbers for people holding overdrafts or loans with Wells Fargo. ®

External Links

Wells Fargo welcomes the arrest

Related Stories

UK ID theft gang jailed for £350K fraud
ID theft hits 10m Americans a year
ID theft: a $1bn a year crime
Police recover disk at centre of ID theft flap
Feds break massive identity fraud

Internet Security Threat Report 2014

More from The Register

next story
FYI: OS X Yosemite's Spotlight tells Apple EVERYTHING you're looking for
It's on by default – didn't you read the small print?
Russian hackers exploit 'Sandworm' bug 'to spy on NATO, EU PCs'
Fix imminent from Microsoft for Vista, Server 2008, other stuff
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Microsoft pulls another dodgy patch
Redmond makes a hash of hashing add-on
'LulzSec leader Aush0k' found to be naughty boy not worthy of jail
15 months home detention leaves egg on feds' faces as they grab for more power
China is ALREADY spying on Apple iCloud users, claims watchdog
Attack harvests users' info at iPhone 6 launch
Carders punch holes through Staples
Investigation launched into East Coast stores
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.