Nationwide fined for laptop theft

Thursday, 15 February 2007, 1:03 AM EST

The financial regulator has fined the Nationwide Building Society almost £1m following the theft of an employee's laptop in August last year.

Nationwide was penalised to the tune of £980,000 for not having adequate information security procedures and controls in place, potentially exposing the society's 11 million customers to an increased risk of financial crime, said the Financial Services Authority (FSA).

At vnunet.

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