The government's data protection watchdog yesterday criticised 11 of Britain's banks and building societies for failing to protect personal customer information from fraudsters, reports the Guardian .
The information commissioner said a series of investigations by its staff into alleged breaches of security found banks dumped personal information in bins and waste recycling units with little or no security when ID theft was rife. Halifax Bank of Scotland, Alliance & Leicester, Royal Bank of Scotland, NatWest and Barclays were joined on the list of shame by Clydesdale Bank, the Cooperative Bank, HFC Bank, United National Bank, Nationwide building society and Scarborough Building Society. The commissioner also said the Post Office and the Immigration Advisory Service had failed to keep ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes