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Bank in new security lapse

May 9th, 2008

It’s been reported that financial giant HSBC has lost a server containing the personal details of over 150,000 customers in Hong Kong. It’s the latest in a seemingly never-ending string of reports about ’secure’ files going walkabout. It’s not so long ago that the bank also lost the details of more than 350,000 British life assurance customers and it’s not the only high profile organisation to come under fire for poor security.

If you have ever been the victim of such a security lapse, or fear your personal details may have been compromised in another way, you should keep a close eye on your bank statements and bills. Watch out for any unfamiliar or unusual transactions and report them to your bank, building society or service provider straight away. You can also get advice on protecting your identity from potential fraudulent use at CIFAS.

When we launch the Wonga service we will naturally be committed to maintaining the security and confidentiality of customers’ information - by using electronic and procedural safeguards that meet or exceed industry standards.

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