05 September 2015

Elizabeth Lumley

Elizabeth Lumley - Startupbootcamp

159Posts 598,734Views 168Comments

Operational Risk Management

To share information, ideas and experience relating to all aspects of op-risk management and compliance with Basel II
A post relating to this item from Finextra:

Bank of New York Mellon breach hits 4.5m customers

22 May 2008  |  56038 views  |  0
Bank of New York Mellon has lost unencrypted back-up computer tapes containing the confidential details of around 4.5 million customers.

Lost in Transit

26 May 2008  |  4144 views  |  1

Is anyone else a tiny bit suspicious about the recent 'Whoopes, we lost some customer data" annoucements?

It is a case of something not happening very often so it is big news? Or is this the financial services' version of 'it fell off the bank of the truck.'

The last time I left something on a train/bus/shopping mall 'in transit' it was mittens and I was five.

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Comments: (1)

A Finextra member | 27 May, 2008, 14:27

Too true, there's a rather larger gap between the mittens and this data. How on earth can customer specific records be transfered unencrypted.

 

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Elizabeth's profile

job title Startupbootcamp FinTech London MD
location London
member since 2009
Summary profile See full profile »
I am the London MD of Startupbootcamp FinTech and the MD and co-founder of Startupbootcamp Insurance.

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