MBIA Latest Victim Of Data Leak

MarketWatch Pulse

MBIA Inc. , the largest bond insurer in the U.S., has become the latest victim of a data breach. The breach happened after a misconfiguration in the company's computer system exposed customer account numbers, balances and other sensitive data. MBIA, based in Purchase, New York, was notified of the breach on Monday by KrebsOnSecurity, a security news and investigation website. "We have been notified that certain information related to clients of MBIA's asset management subsidiary, Cutwater Asset Management, may have been illegally accessed," said MBIA spokesman Kevin Brown. Customers were notified on Monday about the incident and the company is conducting an investigation, said Brown. MBIA shares were down 2.5%.

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