Nationwide under fire for customer data loss

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Nationwide Building Society could have easily and cheaply avoided the financial loss and reputation damage it suffered recently when one of its laptops containing the details of nearly 11 million customers was stolen, it was claimed today.

The organisation was fined £980,000 ($2.4 million) by the Financial Services Authority when the laptop was stolen from an employee's home last year.Security company Wick Hill claimed that companies can easily and inexpensively protect against this kind of data leakage with encryption software.Ian...

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