Wednesday, February 14, 2007

Nationwide fined £1m for stolen laptop

Financial Services AuthorityIt seems that the Financial Services Authority has rather fiercer teeth than the Information Commissioner's Office. The FSA has just fined Nationwide almost £1 million for losing a laptop containing customer data, and commented:

"The failure to manage or monitor downloads of very large amounts of data onto portable storage devices meant that Nationwide had limited control over information held in this way or how it was used."

How refreshing to hear that a regulator both understands the root cause of many of these data thefts, and is willing to fine companies amounts that will give the industry a proper incentive to take notice.

2 comments:

Anonymous said...

Heads up, Ian

'Music execs criticise DRM systems'
http://news.bbc.co.uk/1/hi/technology/6362069.stm

Ian Brown said...

Thanks! Just blogged that.