HSBC Fined $5.2 Million in UK for Data Loss


Three units of HSBC Group have been fined GBP 3.185 million (USD $5.2 million) by Britain’s financial regulator for failing to protect consumer data from loss or theft.
The Financial Services Authority (FSA) said all three firms had been warned by HSBC Group Insurance’s compliance team about the need for robust data security controls in July 2007.

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Originally appeared on Storage.biz-news.com :: Latest Storage Business News on 23/07/2009

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