Bank of America reports data breach of the Walmart pension plan participants
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Bank of America reports a data breach involving Walmart’s 401(k) retirement plan which exposed the personal information of over 1,800 participants.
The breach occurred due to an isolated email error on April 16, when a Merrill Lynch employee, the plan’s record keeper and part of Bank of America's investment and wealth management division, inadvertently sent the information to an unauthorized recipient. Merrill Lynch became aware of the incident on April 22.
The exposed data includes:
- Names
- Social Security numbers
Merrill Lynch has assured affected customers that the errant email was deleted and stated that there is no evidence of misuse of the disclosed personal information.
Bank of America has provided a complimentary two-year membership in the Experian IdentityWorks identity-theft protection service to those affected.
