Jul 222009
 July 22, 2009  Posted by  Breaches, Business, Featured News, Non-U.S.

Banking giant HSBC has been fined more than £3 million [U.S. $5.2 million] for failing to protect its customers from fraud – and for losing the details of nearly 200,000 people in the post.

Three HSBC firms – HSBC Life UK, HSBC Actuaries and Consultants, and HSBC Insurance Brokers – were fined for sending large amounts of unencrypted customer details through the post or by courier to third parties. In addition, confidential information about customers was left on open shelves or in unlocked cabinets – putting it at risk of being lost or stolen.

Read more on Moneywise.

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