U.K. Bank Fined For Loss of Laptop
LONDON -- The U.K.’s financial services regulator last week fined a major British bank for its loss last summer of a laptop computer containing confidential customer information.
The Financial Services Authority fined Swindon, England-based Nationwide Building Society £ 980,000 ($1.9 million U.S.) for “failing to have effective systems and controls to manage its information security risks,” the FSA said in a statement.
The laptop was stolen from an employee’s home during a burglary in August, Nationwide said in a statement. The bank said that it believes the thief was after the laptop rather than the information stored on it.
The data was compiled for marketing purposes and did not contain any personal identification numbers, passwords or account balance information, the company said.
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