Michael Herman reports: The Financial Services Authority (FSA) has fined UBS £8 million for weak controls that allowed staff in its private bank to make thousands of unauthorised trades with clients’ money and then hide the losses. It is the third-largest fine awarded by the FSA. Four private bankers in UBS’s London office were able…
Author: Dissent
Chaminade posted Social Security numbers of thousands of students online
Chaminade University inadvertently posted confidential information, including Social Security numbers, of thousands of students, on its Web site for months, school officials said today. The posting of a report with the information was discovered Wednesday and the report was taken off the Web site and links disabled. An investigation determined the report was placed on…
Play.com hit by ordering glitch
Customers of Play.com have contacted the BBC to report problems with the online retailer’s ordering system. Many customers have received e-mails from Play.com reporting the despatch of an order they did not place. Those opening the orders found contact details, including names and addresses, for other Play.com customers. […] On some forums customers said they…
Too diligent? Royal Mail worker ‘demands baby’s signature’
Richard Savill reports: John Berry, 70, said he was startled when he was told by the worker at a sorting office that he could not pick up the package on behalf of his new-born granddaughter, Amber. The retired aerospace engineer cycled to the depot in Cheltenham, Glos, after a postman dropped a card through his…
CVS under investigation by FTC again
The Associated Press is reporting that CVS Caremark reported in its quarterly filing to the Securities and Exchange Commission that the the Federal Trade Commission is investigating some of the company’s business practices. In that filing, CVS reported: In August 2009, the Company was notified by the Federal Trade Commission (the “FTC”) that it is…
NARA admits violating internal policy on personal info
Ben Bain reports: The National Archives and Records Administration violated its information security policies by returning failed hard drives from systems containing personally identifiable information of current government employees and military veterans back to vendors. By agency policy, NARA is supposed to destroy the hard drives rather than return them, according to a top NARA…