Press Release Details

View all Investor News

EZCORP Redoubling Strong Efforts to Protect Customer Data, Guard Against Identity Theft

May 8, 2007

EZCORP, Inc. (NASDAQ: EZPW), the 3,000-employee, Austin-based parent company of EZPAWN and EZMONEY Loan Services, today responded to statements by Texas Attorney General Greg Abbott regarding protection of customer data.

"EZCORP has strong identity protection policies and systems in place, including a state-of-the-art 'paperless' document system, written document retention policies, and regular audits to ensure compliance," said EZCORP President and CEO Joe Rotunda. "EZCORP invested additional resources in technology and information security after Texas' identity protection law was reformed in 2005."

"However, even with our strong privacy policies and procedures, the issues cited by the Attorney General appear to be the result of human error," Rotunda said. "We are committed to working closely with the Office of the Attorney General on this issue and will continue to work hard to set the industry standard for customer safety, privacy and identity security."

EZCORP's identity protection policies state that customers' non-public personal identifying information must be protected against access by unauthorized third parties and destroyed in a secure fashion. In addition, EZCORP has implemented the following customer identity safeguards in recent years:

   * A computerized "paperless" electronic software system for credit
     services operations aimed at enhancing document security and customer

   * Audits of every store approximately every quarter, which include
     compliance review of record retention and document destruction

   * The use of independent third-party computer security experts to conduct
     "intrusion tests" on all company hardware and software systems; and,

   * Strong employee policies and training to emphasize customer privacy and

"EZCORP looks forward to working with Attorney General Abbott to quickly address and correct the issues he raised," Rotunda continued. "We take these issues very seriously and are committed to a high standard of consumer and privacy protection and full compliance with the law."

             Office: (512) 481-0277             Office: (512) 476-8626
             Cell: (512) 658-7817               Cell: (512) 751-7856

FCMN Contact:


CONTACT: Ray Sullivan, +1-512-481-0277, or cell, +1-512-658-7817, or
Rossanna Salazar, +1-512-476-8626, or cell, +1-512-751-7856, both of EZCORP,

Web site:

Categories: Press Releases
View all Investor News