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FSA fine Zurich UK over data security breach




FSA fine Zurich UK over data security breach
FSA fine Zurich UK over data security breach



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http://www.metro.co.uk/money/838932-fsa-fine-zurich-uk-over-data-security-breach 

By Ben Evans
Metro.co.uk
24th August, 2010 

Zurich UK suffered the =C2=A32.28million fine after losing a disk containing 
the details of 46,000 customers.

In certain cases, customers bank and credit card details were amongst 
the lost data on the disk.  Details of people=E2=80=99s insured assets were also 
believed to be on the disk.

FSA director of enforcement and financial crime, Margaret Cole, 
commented, =E2=80=9C"It [Zurich UK] failed to oversee the outsourcing 
arrangement effectively and did not have full control over the data 
being processed by Zurich SA.

=E2=80=9CZurich UK let its customers down badly.=E2=80=9D

The FSA have taken a firm stance, believing Zurich=E2=80=99s negligence could 
have resulted in dire financial repercussions for its customers.

[...]


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