Nationwide fined £980,000 over stolen laptop

The Financial Services Authority (FSA) has fined The Nationwide Building Society £980,000 for the loss of a laptop which contained "confidential customer data" on 11 million customers. The laptop was stolen from a Nationwide employee's home. Although he quickly reported the theft, according to the BBC, he didn't tell his employers what was on the machine until after a three-week holiday, at which time Nationwide started an investigation.

[ Now, if only this size fine became a standard in all countries ... ]

Read the article HERE.