PC holding bank data sold on ebay

  • Email a Friend
  • Print Page
PC holding bank data sold on ebay
By Rosalie Marshall
Aug 27, 2008 7:50 AM
Tags: Banks | lose | credit | card | data

A computer holding bank customers' credit card data has been sold on eBay for US$75.

A computer holding UK bank customers’ credit card data has been sold on internet auction site eBay for about US$75.

The data belonged to customers who applied for credit cards at the Royal Bank of Scotland (RBS) and bank.

The RBS gave the computer to archiving firm Graphic Data who then “inappropriately sold” on the computer to a third party, according to an RBS spokesperson.

A spokesperson said the firm is conducting an investigation into how the equipment was removed from one of Graphic Data’s secure locations.

Both companies expressed their “regret” in different statements but encryption vendors are asking why the data was not encrypted.

Chief executive of Frank Schlottke, said: “Instead of looking at specific technologies such as laptop or USB encryption, the focus should be on encrypting files and folders at source.”

Michael Callahan, 's senior vice president and chief marketing officer, added: "Dealing with third-party firms is a routine business transaction, but you cannot always rely on a third party to have as stringent security systems in place as your own.”

The loss comes as new research by finds the top challenge facing companies is data leakage prevention. From the 99 information security experts surveyed, 69 per cent rated this as their top issue.

Copyright © 2009 vnunet.com


 
Comments

Be the first to comment on this article.
Thoughts on this article? Add a comment below.
Comment:
Want to participate in the discussion?
Or log in now to comment
 
 
Top Stories
Conroy opens NBNCo regulation debate
Part two of the regulatory reforms paper.
 
Utilities wise up to smart grids
Power to the people?
 
Sydney Water turned off wrong pipe
Admits error with Macquarie Telecom data centre.
 
Exclusive Data Centre - Sponsored Content by Microsoft

Latest Comments

"I turn bluetooth off on my mobile to save the battery. Looks like now I've got another reason. "
by Slatts Jul 4, 2009 1:09 PM
 
"I'm kind of assuming that the water was used in water cooled condensers for the air-conditioning...."
by Slatts Jul 2, 2009 8:54 PM
 
"Why do we have to listen to Nick Minchin's comments? He is just about irrelevant in his opinions ..."
by ngo Jul 2, 2009 8:35 PM
 
" It's not very surprising that the Chinese junta still wants to impose the 'Green Dam - Youth ..."
by anonymous Jul 2, 2009 3:49 PM
 
"I would suggest for anyone wanting to join in the BOINC projects such as SETI@home, World ..."
by wolfgang8741 Jul 2, 2009 5:37 AM

Polls

What will you do when your iPhone contract comes up for renewal?




   |   View results
Retain my current service provider
  12%
 
Switch to a cheaper plan
  18%
 
Switch to a better network
  17%
 
Switch to whoever offers free tethering
  18%
 
Change handset altogether
  35%
TOTAL VOTES: 196

Vote