Laptop theft costs Nationwide an FSA fine

The FSA says the failings of systems and controls to protect against financial crime were discovered after the theft of a laptop from a Nationwide employee's home last year. During its investigation, the regulator found the building society did not have adequate information security procedures and controls in place, potentially exposing its customers to an increased risk of financial crime. It also discovered Nationwide was not aware the laptop contained confidential customer information and did not start an investigation until three weeks after the theft. Moreover, the failings oc...