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Inside the TSP hack job
Thursday - 6/14/2012, 2:00am EDT
The FBI discovered the hack attack and notified the TSP's contractor in April of this year; the contractor notified the board. On May 25, the board sent out letters to 123,000 employees whose data was hacked. The names, addresses and Social Security numbers of about 43,000 TSP participants were compromised, as were the Social Security numbers and TSP-related information of about 80,000 others.
Naturally, TSP account holders have lots of questions. On yesterday's Your Turn radio show, we had a chance to talk with Greg Long, the executive director of the board. The full interview is archived on our home page so you can listen anytime. There is also a Q&A posted by the board that should answer most of your questions. Meantime, here's a thumbnail sketch of what Long had to say yesterday:
- No news is good news. If you haven't gotten a letter from the board
it means your data was not hacked. Long said that fewer than 3 percent of the TSP
account data was compromised.
- Nobody has lost any money. Long said although the break-in occurred
last July there is no indication that there has been any related account activity.
- All of the 123,000 accounts where data was stored were on one computer
maintained by a private vendor who runs the TSP program.
- In about 80,000 of the 123,000 accounts, only Social Security numbers were
exposed, but no names, addresses or bank account information.
- In about 43,000 of the 123,000 accounts, hacked data included names,
addresses and Social Security numbers. A smaller group of the 43,000 also had
bank routing numbers, belonging to people getting payments from the TSP,
- The full year of credit monitoring and protection is free to
- The FBI is handling the investigation and it controls the timeline for any further release of information.
NEARLY USELESS FACTOID
By Jack Moore
Standing on the side of the road with outstretched thumb became the universal symbol for hitch-hiking in the 1920s, Slate reports. The first time the term hitch-hike appeared in print was in 1923 in The Nation.
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