HSBC data loss was "basic stupidity"
Thu 10 Apr 2008
10/04/2008
| HSBC's loss of 320,000 personal records was "basic stupidity" a security expert has told ContractorUK.com. Paul Vlissidis, of IT security firm NCC Group, told the site it would end the days of "storing hundreds of thousands of sensitive records on unencrypted media". The loss occurred when an unencrypted disc was posted from the bank's offices in Southampton to Folkestone. The Financial Services Authority (FSA) were informed of the security breach, its spokesperson confirmed: "We do expect the senior management of firms [the FSA regulates] to put in place appropriate systems of control to deal with information security risks." Most workers receive training in simple data protection measures, such as adding password protection to their computers. A series of high-profile losses have helped increase firms' awareness of the need to put in place encryption methods and tighter controls. Research by Cisco systems revealed remote workers think working online is safer, despite companies' worries over internet security.
|
related articles
