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 fine is the highest to date in the UK and reflects a 30% discount for cooperating with the FSA.
Let's personalize your content