Neohapsis is currently accepting applications for employment. For more information, please visit our website www.neohapsis.com or email hr@neohapsis.com
[Dataloss] Zurich Insurance fined 2.3m over customers' data loss

From: security curmudgeon (jerichoattrition.org)
Date: Tue Aug 24 2010 - 13:51:23 CDT


  24 August 2010 Last updated at 09:43 ET
Zurich Insurance fined 2.3m over customers' data loss

The UK operation of Zurich Insurance has been fined 2.27m by the
Financial Services Authority (FSA) for losing personal details of 46,000

It is the highest fine levied on a single firm for data security failings.

Margaret Cole, the FSA's director of enforcement and financial crime,
said: "Zurich UK let its customers down badly."

Stephen Lewis, chief executive of Zurich UK, said: "This incident was

The data on policyholders, including in some cases bank account and credit
card information, went missing in August 2008.

However, Zurich did not become aware of the loss until a year later, when
it then began notifying customers.

The information went missing during a routine transfer to a data storage
centre in South Africa.


Dataloss Mailing List (datalossdatalossdb.org)
Archived at http://seclists.org/dataloss/

Get business, compliance, IT and security staff on the same page with
CREDANT Technologies: The Shortcut Guide to Understanding Data Protection
from Four Critical Perspectives. The eBook begins with considerations
important to executives and business leaders.