January 12, 2009

Banks and Finance companies lose details

Despite all of the security measures and warnings to customers, the banking and financial services industry has lost or how they put it mislaid the personal details of over nine million customers over the past year.

However, because of the tight rules that regulate the finance and banking industry the regulators cannot disclose the guilty banks and financial services companies, making it ok to protect their security but their customers, who are blissfully unaware of the situation.

The breaches in security include the theft of the details of over three million customers, the loss of taped recording with customers and even paper files of customer details, this was in fact an entire filing cabinet of customer’s details, which was stolen or lost.

Source [News of the World]