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FSA loses 41 laptops and Blackberries in three years

Posted on October 21, 2010 by Dissent

From the U.K. -ministry-of-irony:

A regular criticism from the FSA when it comes to issuing bans on financial advisors is that they failed to demonstrate being ‘a fit and proper person’… the regulator might want to discuss these attributes with its workers, who have lost 41 laptops and Blackberries in the last year.

All of these are thought to have contained secure documents and emails.

[…]

Ironically, the regulator has issued some of its largest bans on financial institutions who have failed to provide adequate data security.

Only in August of this year, the FSA fined the UK branch of Zurich Insurance Plc £2,275,000 for failing to have adequate systems and controls in place to prevent the loss of customers’ confidential information.

Read more on Debt Management Today.

Via Brian Honan

Category: Breach IncidentsFinancial SectorLost or MissingNon-U.S.

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