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June 3rd, 2008

Personal Information Sent To An Analysis Firm Stolen From State Street Corporation

State Street Corporation (NYSE: STT) said on May 29 that a disk drive containing personal details from 5,500 employees and 40,000 customer accounts was stolen. Lost details included individuals names, addresses, dates of birth, and, in some cases, Social Security numbers. The theft occurred in December and was reported to State Street in January. State Street didn’t disclose the breach publicly or to individuals until yesterday because it took months to determine who was affected.

State Street Corporation began sending precautionary notifications to employees and some customers of the former Investors Financial Services Corp. that computer equipment containing certain personal data was stolen from a vendor’s facility.

The compromised information was among a batch of data sent to an unnamed analysis firm located in the United States. At the time of the transfer, the data was encrypted, making it much more difficult to misuse. The firm had unencrypted the information for its work and stored it on the hard drive that was then stolen.

There is no evidence to date to suggest that the data has been misused or that legacy State Street customers or employees are impacted. The theft was reported to federal authorities. As a precaution, State Street is notifying legacy IBT employees and certain legacy IBT customers whose personal data was on the stolen computer equipment.

State Street has developed a dedicated section of its website with more details for the legacy IBT customers and employees who will receive these precautionary notifications. This information can be found at and includes detail about a number of credit monitoring services being made available by State Street at no cost for two years. For questions and details customers may contact the usual customer representative . Employees may contact GHR Customer Service at +1 617 985 8040.

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