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Nationwide fined nearly £1m for security lapses
News Nationwide Building Society has been fined £980,000 by the Financial Services Authority (FSA) for information security lapses. The FSA said it found "the building society did not have adequate information security procedures and controls in place... [14 Feb 2007]
Stolen laptop leaves Nationwide red-faced
News The theft of a laptop containing Nationwide Building Society customer information is being probed by the Financial Services Authority (FSA). Both the FSA and Nationwide have refused to say exactly what data was stolen. [14 Nov 2006]
Leader: A £1m message that goes out nationwide
Leader The Information Commissioner was informed and the Financial Services Authority (FSA) investigated. Then today the FSA handed down a £980,000 fine, reduced from a potential £1.4m. While Nationwide has cooperated with the FSA, others may wait until... [14 Feb 2007]
The Cheshire Unifies Mortgage Systems to Meet Regulatory Demands
White Paper The Financial Services Authority (FSA) in the United Kingdom (U.K.recently introduced changes to the way in which mortgages were sold, creating the need for a unified Key Facts Illustration (KFI). At Cheshire Building Society, the information... [07 Feb 2006]
Anti-money laundering banking systems under scrutiny
News The Financial Services Authority (FSA) is asking banks and other financial institutions to share information on the cost and effectiveness of various anti-money laundering techniques, including the automated monitoring of transactions. [28 Aug 2003]
Norwich Union Life fined for data control 'weaknesses'
News The Financial Services Authority (FSA) has fined Norwich Union Life £1.26m for failing to manage customer data adequately, resulting in financial crimes such as identity theft being committed against its customers. [17 Dec 2007]
Halifax mortgage data stolen
News Earlier this year the Nationwide building society was fined nearly £1m by the FSA after the theft of a laptop exposed customer data. The documents were in a briefcase stolen from the locked car of an employee last week and the bank yesterday... [27 Mar 2007]
Building society installs anti-money laundering tech
News Newcastle Building Society is about to implement an anti-money-laundering (AML) system to comply with FSA regulations and ensure quality of service to third parties. The building society currently carries out transaction monitoring and exception... [11 Dec 2007]
How to insure your IT
Comment When the Nationwide Building Society recently suffered the theft of an employee's laptop containing unencrypted customer data, it found out just how quantifiable its risk was - the FSA fined it £980,000. [17 Jul 2007]
