Ameriprise Financial

Ameriprise Financial recently informed its clients and staff that a computer containing unencrypted company records was stolen in December. This announcement concerns its employees and customers due to the potential risk of identify theft and fraud.

Authorities confirm that the computer contained 158,000 Ameriprise customer names and account numbers and 68,000 Ameriprise adviser names and Social Security numbers. If in the wrong hands, these details can be used in credit card fraud, identity theft, and more.

In September 2005, Ameriprise Financial broke off from the credit card giant, American Express Financial Corp. Ameriprise provides financial consulting services to individual and corporate investors such as 401K investments, retirement and pension plans. Individual investment, insurance and annuity services are handled through subsidiary, RiverSource.

This situation is similar to reports of negligence and security breaches that have occurred at Bank of America, Citigroup, and CardSystems Solutions.

Learn more about Identity Theft