The Insurance Council of British Columbia, which licenses and regulates the province’s insurance agents, salespersons and adjusters, says it is concerned about the number of breaches in confidentiality it has encountered over the last 12 to 18 months. “Licensees handle and have access to a large amount of confidential information and their clients depend upon…
Category: Insider
FSA condemns weak controls at UBS that allowed rogue traders to flourish
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…
Milton Woman Charged In Patients’ Identity Thefts
The Associated Press reports: A Milton woman working at a Delaware medical office has been arrested for stealing patients’ information and opening credit card accounts. Delaware State Police say 41-year-old Diane Perrin used her position as a medical assistant from February 2008 to March to take 11 patients information and open credit card accounts. Read…
Men allegedly broke into computers of former employer
Dan Goodin reports on a case where former employees were allegedly able to continue to access databases, despite the company terminating old passwords: Scott R. Burgess, 45, of Jasper, Indiana, and Walter D. Puckett, 39, of Williamstown, Kentucky, both worked as managers for Indiana-based Stens Corporation until taking jobs with a competing company in Ohio,…
Sacked employees triple malicious data deletions
Marie Boran reports: Recent findings from Irish online backup firm keepITsafe have revealed there is a correlation between the increase in unemployment as a result of the global recession and the tripling of malicious data attacks on companies. Companies reported they experienced a threefold increase in the number of malicious data deletions as a result…
Palmetto General Hospital employee and accomplice sentenced for stealing patient records
Jacquettia L. Brown, 29, and Tear Renee Barbary, 25, both residents of Miami-Dade County, were both sentenced this week following their conviction on offenses relating to the theft of patient records from Palmetto General Hospital to further a fraud scheme. U.S. District Court Judge K. Michael Moore sentenced Brown to two years and five days…