INSURANCE giant Norwich Union was today fined £1.26 million by the Financial Services Authority after security lapses left nearly seven million customers at risk of fraud.
INSURANCE giant Norwich Union was today fined £1.26 million by the Financial Services Authority after security lapses left nearly seven million customers at risk of fraud.
Information about customers was not secure, and led to fraudsters cashing in 74 policies - valued at £3.3 million - before the problem was identified.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here