HSBC Fined £3 Million ($5 Million) for Data Security Failings in UK
Hunton Privacy
JULY 22, 2009
The UK Financial Services Authority (FSA) has announced today fines for three HSBC entities totaling £3 million for failing to have adequate systems and controls in place to protect their customers’ confidential data. The incident will reignite debate as to whether the UK should have a mandatory data breach law.
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