UK Watchdog Fines Insurer £150K For Failing To Secure Data

Law360, New York (January 10, 2017, 7:45 PM EST) -- The United Kingdom’s data protection regulator has slapped general insurance company Royal & Sun Alliance Insurance PLC with a £150,000 ($182,578) fine following the theft of a hard drive device containing the personal information of nearly 60,000 customers, the watchdog said Tuesday.

The Information Commissioner’s Office issued the fine after an investigation into the 2015 theft of a portable device containing 59,592 customers’ names, addresses and bank account details concluded that RSA didn’t have appropriate measures in place to protect financial information, in violation of the...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.