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Bank of Ireland: “we don’t understand fraud”

Check out this logic from the Bank of Ireland, spotted by waider in today’s news:

Last week, the bank said that medical records, bank account details, names, addresses and dates of birth of 10,000 customers were on the laptops. […]

Bank of Ireland said an assessment had concluded that the risk of fraud arising from the thefts was ‘very low’, as the data on the laptops did not include bank account passwords, PINs or copies of signatures.

So a fraudster would have medical records, bank account details, names, addresses and dates of birth of 10,000 customers, but the risk of fraud is ‘very low’? Incredible.

Update: make that 30,000 customers.

Update 2: 31,500 customers, and a sample letter.