Banking giant HSBC has been fined more than £3 million [U.S. $5.2 million] for failing to protect its customers from fraud – and for losing the details of nearly 200,000 people in the post. Three HSBC firms – HSBC Life UK, HSBC Actuaries and Consultants, and HSBC Insurance Brokers – were fined for sending large…
Category: Business
Deutsche Bank probe: four incidents
Deutsche Bank AG, Germany’s biggest bank, said a probe found four incidents of questionable investigative or surveillance activities at the company. The cases raise “legal issues” related to data protection and privacy, the Frankfurt-based bank said in an e-mailed statement today, citing a report from law firm Cleary, Gottlieb, Steen & Hamilton. All four incidents…
NotW bosses fight back over hacking claims
Tory communications boss Andy Coulson has assured MPs that he played no part in either condoning or facilitating phone hacking while editor of the News of the World. Coulson quit as NoTW editor in 2007 after the paper’s royal correspondent, Clive Goodman, and a private investigator accomplice, Glen Mulcaire, were jailed for hacking into the…
Amazon Kindles a debate
On Friday, The New York Times reported that Amazon had remotely deleted some digital editions of books from the Kindle devices of readers who had bought them. Ironically, the books were George Orwell’s 1984 and Animal Farm. Amazon’s explanation was that the company that had provided the books didn’t have the rights to the books:…