Apr
7
Lost in the Mail: HSBC Loses Disk With Personal Data on 370,000 Insurance Customers
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According to this Bloomberg report, HSBC, Europe’s biggest bank, mailed a disk containing personal information from one city to another. But it didn’t make it there. And the data on it was not encrypted.
The disk, sent unregistered to Swiss Reinsurance Co., contained password-protected details including customers’ names, life-insurance cover levels, birthdates and smoking status, London-based spokesman James Thorpe said. It didn’t contain clients’ financial details or addresses, he said.
The article then goes on to state: “The company will encrypt any disk which includes sensitive information in the future, Thorpe said.”
Good idea, guys.
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About George Favvas
George Favvas is a serial web entrepreneur based on Montreal, Canada. He's been involved in the web since 1994 and is currently the President of SmartHippo, a community-driven comparison shopping site for financial products and is the co-founder of Reflexity, Inc., a provider of customer acquisition solutions for financial companies.
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MontrealTechWatch - SmartHippo blog
- Mathew Ingram