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News

Becrypt comments on HSBC data loss prosecution

BeCrypt : 23 July, 2009  (Technical Article)
Allowing sensitive customer data to be lost or stolen can be expensive as illustrated by the recent heavy fine on HSBC bank
Following today's news that HSBC has been fined more than £3m for failing to protect its customers' confidential details from being lost or stolen, the issues surrounding data protection and encryption has again come to the fore.

Bernard Parsons, CEO at Becrypt, has commented on how data should be handled and what businesses can do to protect themselves from data loss.

This problem yet again highlights the need for organisations of all types to take stock of how they protect and handle data, particularly on removable forms of media, such as hard drives, memory sticks and so on. It also highlights the dangers of sending unprotected data via, a solution is available today can quickly encrypt data and burn it onto a CD or other removable media therefore protecting the information whilst it is in transit.

There is a need to understand the ways that such breaches can occur, how this could happen and also what can be done to circumvent this issue

Should data be stolen, on whatever the media form, encryption would protect whatever data was held on it

It's a classic people/processes/technology conundrum: human behaviour is unpredictable - mistakes happen or intentional malicious intent can circumvent best practice guidelines...this is where a solid Information Assurance policy can help protect an organisation's integrity, reputation and the data it holds
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