BOSTON--(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.
Source: State Street Corporation
Contact: State Street Corporation
Investors and Analysts:
Kelley MacDonald, +1 617-664-2888
or
Media:
Carolyn Cichon, +1 617-664-8672
or
Arlene Roberts, +1 617-664-3933