http://ow.ly/70CGS
An article by Gregor Hunter on the thenational.ae website.
This article discusses the 2nd security breach in two years by HSBC bank.
The article states, "The security breach occurred after a mass email was sent on Sunday morning to 178 customers of HSBC Premier, the bank's account level for high earners, advising them that it was due to implement an IBAN number system used for international transfers."
The article goes on to state, "But internet security experts warn that personal email information can be used by fraudsters to dupe customers into providing confidential account information."
The article also details other past lapses by the bank, "The bank's data controls have landed HSBC in trouble in the UK, where it was fined a total of £3.18 million (Dh18.41m) by the Financial Services Authority in 2009 after security lapses.
The bank was criticised for losing an unencrypted CD containing details of 180,000 customer accounts, as well as failing to provide staff with sufficient training to prevent identity theft."
Customer data should be protected. They should avoid leaking it out to the public.
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