Insurer gets record fine for ID theft disaster

Monday, 17 December 2007, 9:02 PM EST

A U.K. insurance house has been slapped with a record fine by the Financial Services Authority (FSA) watchdog for incompetent customer account security.

The latest offender is Norwich Union, which allowed fraudsters to impersonate customers when phoning its call centers, cashing in policies on an astonishing 74 occasions out of a total of recorded 632 attempts. The social engineers -- 11 suspects have now been arrested -- were able to steal a total of $6.6 million during the scam, which took place in 2006.

At Computerworld.

[ Read more ]




Spotlight

What can we learn from the top 10 biggest data breaches?

Posted on 21 August 2014.  |  Here's a list of the top 10 biggest data breaches of the last five years. It identifies the cause of each breach as well as the resulting financial and reputation damage suffered by each company.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  

DON'T
MISS

Fri, Aug 22nd
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //