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On the back of a number of recent high profile news stories in both the public and private sectors about data security, the FSA issued a report on 24 April urging regulated firms to change their attitude to data security and to do more to help prevent their customers falling victim to financial crime
The Financial Services Authority (FSA) has fined Merchant Securities Group Limited £77,000 for failing to effectively safeguard its customers from the risk of identity fraud
The High Court has ruled that personal data can be lawfully transferred to the US in accordance with the Data Protection Act (DPA) to assist in the investigation into the $65 billion fraud conducted by Wall Street investment mogul Bernard Madoff
