"Norwich Union fined on £3m fraud
Insurance firm Norwich Union has been fined £1.26m by the Financial Services Authority (FSA) after customers lost £3.3m through identity fraud.

The regulator said Norwich Union's controls had been 'particularly poor', leading to a record fine. 'Norwich Union Life let down its customers by not taking reasonable steps to keep their personal and financial information safe and secure,' said the FSA's director of enforcement, Margaret Cole."

I guess it would be too much to expect to be able to sue the government when criminals eventually find the missing CDs containing the records of 25m people that HM Revenue and Customs lost?

BBC NEWS | Business | Norwich Union fined on £3m fraud

Technorati tags: identity theft data protection HM Revenue