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Data & Analytics News Updates, September 12th 2012
This week’s data and analytics news include Ulster Bank’s data security breach, IOB strengthening its bank data security, and Germany’s justice minister calling for a ban of tax cheat data sale.

September 12, 2012 | The Asian Banker Editor

Ulster Bank reports data security breach
Republic of Ireland’s Ulster Bank reported a data security breach after a staff member accidentally dropped a folder containing customer information outside one of its offices. The banks has apologised to customers and notified the Data Protection Commissioner regarding the incident.

IOB strengthens bank data security
Indian Overseas Bank has adopted Visa’s real-time fraud detection solutions – Visa Advanced Authorization and Visa Risk Manager – to protect cardholders against potential fraud while strengthening the security of sensitive financial data.

German minister calls for ban of tax cheat data sale
Germany’s justice minister Sabine Leutheusser-Schnarrenberger has called for the criminalisation of officials who purchase CDs containing bank data of German tax cheats in Switzerland, threatening North-Rhine Westphalia’s bid to purchase such CDs.


Re-disseminated by The Asian Banker

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Categories: Data & Analytics, Data Management, Risk & Performance
Keywords: Ulster Bank, IOB