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

Beginner's guide to SSL certificates

More from The Register

next story
NASTY SSL 3.0 vuln to be revealed soon – sources (Update: It's POODLE)
So nasty no one's even whispering until patch is out
Russian hackers exploit 'Sandworm' bug 'to spy on NATO, EU PCs'
Fix imminent from Microsoft for Vista, Server 2008, other stuff
US government fines Intel's Wind River over crypto exports
New emphasis on encryption as a weapon?
To Russia With Love: Snowden's pole-dancer girlfriend is living with him in Moscow
While the NSA is tapping your PC, he's tapping ... nevermind
Forget passwords, let's use SELFIES, says Obama's cyber tsar
Michael Daniel wants to kill passwords dead
Slap for SnapChat web app in SNAP mishap: '200,000' snaps sapped
This is what happens if you hand your username and password to a 3rd-party
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.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.