21 August 2014

Elizabeth Lumley

Elizabeth Lumley - Finextra

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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  |  55685 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  |  3888 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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name

Elizabeth Lumley

job title

Multimedia and Special Projects Editor

company name

Finextra

member since

2009

location

London

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I am the multimedia and special projects editor at Finextra.

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