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Friday, August 27, 2010

How Swiss Cheese Security Cost Zurich $3.5m

Zurich Insurance in the UK has just discovered the true cost of failing to secure confidential customer data properly, as the Financial Services Authority (FSA) fines the company a record £2.275m ($3.5m) for the data loss incident in 2008 which potentially put some 46,000 customers at risk.
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Co-founder of IT Security Thing Ltd, Davey Winder is a three time winner of the Information Security Journalist of the Year award (2006/2008/2010) and received the prestigious Enigma Award for his lifetime contribution to information security journalism in 2011.



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