Recently yet another debacle has unfolded with Citigroup sending out letters to customers and former customers informing them that their data was lost in transit, all up an estimated 3.9 million records. This is about the 4th such incident in as many weeks to come to light, and the worst to date.

Surely the US banking industry should be loosing money over this as karmic retribution for such poor standards in handling private and confidential information, yet this just doesn’t seem to be the case.

So why are we being punished (by not being included) because we might cause harm, when these banks are doing everything they can to look like a fly by night operation?

CNN has the full story.