Belmont Savings Bank Fined for Security Breach
The bank will pay a fine of $7,500 for losing 13,000 customers' personal data.
"In May, the bank lost an unencrypted backup computer tape containing personal information of more than 13,000 customers, according to a report by the Boston Herald," Infosecurity reports. "A bank employee left the backup tape on a desk instead of storing it in a vault at night."
"As part of the settlement, the bank agreed to improve its information security practices, including its security procedures for handling computer tapes and customer information," the article states.
Go to "Belmont Savings Bank pays fine for losing personal data of 13,000 customers" to read the details.
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