updated 5/26/2011 5:20:22 PM ET 2011-05-26T21:20:22

A Bank of America insider who sold "reams of data" to a cybercrime gang cost the bank more than $10 million in losses, the Los Angeles Times reported.

The Secret Service and FBI arrested 95 suspects in connection with the  bank fraud case in February, a Secret Service agent told the LA Times. Bank of America, however, is only now notifying customers of the incident.

The massive fraud, perpetrated by a fraud ring operating in Southern California, obtained customers' names, addresses, Social Security numbers, phone numbers, bank account numbers, driver's license numbers, birth dates, email addresses, mothers' maiden names, PINs and account balances, all of which were used to steal victims' identities and drain their accounts.

In the case of one victim who spoke to the LA Times, the fraudsters also prevented Bank of America from warning him of illegal account activity by contacting his telephone company and having all calls rerouted to the their phones.

Because the case is still under investigation, the suspects' names, as well as how many account holders were affected, have not been released.

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