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Posts Tagged ‘Fine’
FSA Fines HSBC Companies $7,500,000 for data security issues
July 23, 2009
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Following on from my recent posts regarding fines and the cost of data leakage (TJX and Cornell), I thought I’d also bring to your attention the latest initiated by the FSA (Financial Services Authority of UK) against HSBC – On 22nd July A tidy penalty of £4,550,000 ($7.5m) for two failures to protect personal information. HSBC will get a nice 30% discount on this for early payment, leaving them with a bill for £3,185,000 ($5.26m) plus their own internal costs.
Categories: Data Loss, PII, Privacy Laws, Security/Exploits
Data Loss, Fine, Fines, FSA, HSBC, Security/Exploits
Who?
 | EVP Cyber Product Innovation for Mastercard. Formally the Chief Technology Officer for Intel Secure Home Gateways, CTO for McAfee Enterprise Endpoint, CTO McAfee Innovation team, and Founder/CTO SafeBoot Corp. |
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