HSBC loses data on 370,000 customers; violates security standards

Satheesh C B | Thursday, April 10, 2008 | 0 comments

HSBC loses data on 370,000 customers; violates security standards

HSBC, the UK’s largest bank, lost an unencrypted data disc containing the names and insurance information of 370,000 customers. HSBC sent the disc via unregistered postal mail because its usual method of secure electronic data transmission “wasn’t working.” Network World reports the bank’s response: “The data, which was password-protected, includes names, life insurance cover levels, dates of birth and whether or not a customer smokes. There is nothing else that could in any way compromise a customer and there is no reason to suppose that the disc has fallen into the wrong hands,” the bank said in a statement. “We don’t normally send information on hard copy, but usually send electronically through this secure network.

NetworkWorld

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