Final answer:
The scenario described is an example of identity theft, where unauthorized access to a bank's computer system led to the misuse of customers’ personal data. Data breaches like this can result in financial losses and have larger implications for national security and personal privacy.
Step-by-step explanation:
The scenario you described illustrates identity theft, which is when someone wrongfully obtains and uses another person's personal data in a way that involves fraud or deception, typically for economic gain. In this instance, an outside party accessed the bank's computer system without authorization and misused the customers' sensitive information, such as social security numbers and financial account details. This not only led to the theft of money from accounts but also the sale of personal data to others. Identity theft often results in significant financial losses for individuals and can lead to a loss of trust in key institutions like banks, which we all rely on for securing our sensitive information.
Data breaches like the one mentioned can cause chaos, incur substantial costs, and have far-reaching implications for personal privacy, financial security, and national security. It is part of a larger concern of online privacy and security, and businesses, governments, and individuals must be vigilant. When personal information is stolen, it can be used in various ways including financial fraud, medical identity theft, or even national security breaches. It is important for people to take immediate action if they discover their information has been compromised by contacting their financial institutions, monitoring their credit reports, and taking steps to protect their personal information.