PC holding bank data sold on ebay

Powered by SC Magazine
 

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 ©v3.co.uk


PC holding bank data sold on ebay
 
 
 
Top Stories
Don’t mention digital disruption to David Whiteing
Buzzwords don’t curry favour with CBA's new CIO - it’s all just innovation to him.
 
Content, cost & constant innovation: How Foxtel plans to take on Netflix
Nell Payne inhabits the “brave new world of blue strings and networking”. Just don't ask her to put a TV screen on your microwave.
 
Westpac fires starting pistol on core banking upgrade
St George readies itself for move to Celeriti.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Should Optus make a bid for iiNet?

   |   View results
Yes
  42%
 
No
  58%
TOTAL VOTES: 570

Vote