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FSA hits Zurich UK with £2.275m data loss fine
25 August 2010
The UK FSA has fined the UK branch of Zurich Insurance for a lack of adequate systems and controls. The fine is the highest levied to date on a single firm for data security failings, said the FSA.
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Financial Services Authority
zurich insurance
The UK Financial Services Authority (FSA) has fined the UK branch of Zurich Insurance £2,275,000 ($3.5m) for a lack of adequate systems and controls that would have prevented the loss of customers’ confidential information. The fine is the highest levied to date on a single firm for data security failings, said the FSA.
The control...
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