On December 17, 2007 the United Kingdom Financial Services Authority (FSA) fined Norwich Union Life ¬£1.26 million ($2.54 million) for poor information security, privacy and anti-fraud mitigation systems and controls.
Archive for December, 2007
I like to carry extra laptop and cell phone batteries with me when I travel for more than a couple of days at a time, especially if going outside the country. I fried a cell phone once using a faulty outlet converter overseas, so now I like to play it safer by depending upon extra batteries. It was fairly simple to pack the extra batteries into my checked luggage. It was a good simple way to have a backup power source while travelling.
Well, as of next Tuesday that simplicity is no more.
On December 17 the U.S. Federal Trade Commission (FTC) fined and penalized American United Mortgage Company for throwing the personally identifiable information (PII) and financial information of its customers and consumers into an open, publicly-accessible dumpster.
Under the terms of the penalty, American United Mortgage Company must:
In the spirit of this season of holidays, all pointing out the need for kindness and goodwill to mankind, I want to take a break from my usual information security, privacy and compliance topics and share with you some of the things that inspire me and my family during this magical and special time.
I think it is important to recognize and look to those who do so much good for others as inspiration and positive role models. This year while watching and reading the news, my family and I found the following particularly inspiring, and perhaps you will also.
This morning I did a podcast interview with bankinfosecurity and they already have it posted!
During the interview I answered and expanded upon five questions and issues: