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CyberArk Software (DACH) GmbH Kennedydamm 24 40476 Düsseldorf, Germany http://www.cyber-ark.com
Contact Ms Yvonne Eskenzi +44 20 7183 2832

Cyber-Ark: FSA #3m fine on HSBC could easily have been avoided

(PresseBox) (Dedham, )
The three million pounds-plus fine imposed on three of HSBC's divisions for failing to adequately protect customer data could easily have been avoided if the banking group has made use of digital data vaulting technology, says Cyber-Ark.

Reports that the FSA has hit HSBC's Life UK, Actuaries and Consultants plus Insurance Brokering divisions with heavy-duty fines are the direct result of the bank not using a secure mechanism to allow distributed access to customer's data," said Mark Fullbrook, UK and Ireland Director with the data integrity and security specialist.

"Data vaulting takes the best of encryption and IT security technologies
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.