State Street Sends Precautionary Notifications to Certain Legacy Investors Financial Services Corp. (''IBT'') Customers and Empl
May 29 2008 - 7:03AM
Business Wire
State Street Corporation (NYSE: STT) today began sending
precautionary notifications to employees and some customers of the
former Investors Financial Services Corp. (�IBT�) that computer
equipment containing certain personal data was stolen from a
vendor�s facility. IBT had engaged the vendor for legal support
services. There is no evidence to date to suggest that the data has
been misused or that legacy State Street customers or employees are
impacted. As a precaution, State Street is notifying legacy IBT
employees and certain legacy IBT customers whose personal data was
on the stolen computer equipment. This notification process is
expected to be completed shortly. 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
www.statestreet.com/notification and includes detail about a number
of credit monitoring services being made available by State Street
at no cost for two years. About State Street Corporation State
Street Corporation (NYSE: STT) is the world's leading provider of
financial services to institutional investors including investment
servicing, investment management and investment research and
trading. With $15 trillion in assets under custody and $2 trillion
in assets under management at March 31, 2008, State Street operates
in 26 countries and more than 100 geographic markets worldwide. For
more information, visit State Street�s website at
www.statestreet.com. Forward-Looking Statements This news
announcement contains forward-looking statements as defined by
United States securities laws, including statements about State
Street�s goals, opportunities and business environment. These
statements are not guarantees of future performance, are inherently
uncertain, are based on current assumptions that are difficult to
predict and involve a number of risks and uncertainties. Therefore,
actual outcomes and results may differ materially from what is
expressed in those statements, and those statements should not be
relied upon as representing State Street's expectations or beliefs
as of any date subsequent to the date of this release. Important
factors that may affect future results and outcomes include State
Street�s ability to obtain quality and timely services from third
parties with which it contracts and the other financial, market,
competitive, regulatory and business factors set forth in State
Street's Quarterly Report on Form 10-Q for the quarter ended March
31, 2008 and its subsequent SEC filings. State Street encourages
investors to read this 10-Q, particularly the section on Risk
Factors, its Annual Report on Form 10-K for the year ended December
31, 2007 and its subsequent SEC filings for additional information
with respect to any forward-looking statements and prior to making
any investment decision. The forward-looking statements contained
in this press release speak only as of the date hereof, May 29,
2008, and State Street will not undertake efforts to revise those
forward-looking statements to reflect events after this date.
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