2.26.2005

In the Hmmmm Department

Like the government can't lose enough on its own?

Bank of America said Friday it lost computer tapes containing account information on 1.2 million federal employee credit cards, among them those of U.S. senators, potentially exposing them to theft or hacking.

The bank told CNN/Money that federal government's General Services Administration (GSA) cardholders' account information may have been on the tapes.

The tapes were lost in December, but a bank spokeswoman told Reuters that bank officials were not allowed to notify cardholders until they received permission from federal law enforcement authorities

The missing tapes may contain information, including cardholders' names, addresses and social security numbers. But it varies from account to account.

According to Time.com, which cited an unnamed U.S. official, a large percentage of the accounts are for the Pentagon, in addition to 40 federal agencies and other entities.
The notion of federal credit cards to me is appalling, given what the GAO has reported for years about their rampant abuse. It also seems like the Bizarro World where Rumsfeld can put the invasion of Iran on his MasterCard. At least then, if he was late in paying, they might freeze the war.