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Security

Submission + - Nationwide fined $1.9 million for stolen data

JamesD_UK writes: "The BBC reports that the UK's Nationwide Building society has been fined £980,000 ($1.9 million USD) for failures that led to details of 11 million customers being compromised from an employee's stolen laptop. Financial Services Authority found that the employee had put the data on the laptop without the knowledge of Nationwide and that investigations into the loss did not start until three weeks after it was reported. It is not publically known exactly what information was lost; the laptop is still missing."

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