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Although it is a relatively new player in the banking sector supermarket giant Tesco has found itself in hot water after it emerged that the personal and financial details of dozens of customers have gone astray. According to reports the detail of the customers were sent unprotected in the post by Tesco banking staff despite the fact that the data was sensitive and personal, and the documentation has now gone missing.
The customers affected by the security breach from Tesco are now at increased risk of fraud if the information falls into the wrong hands. It is also claimed that the customers' whose personal data has gone missing were already in a dispute with Tesco bank over charges for the controversial payment protection insurance (PPI) on credit cards.
The papers that were sent unprotected in the standard post contained the names, addresses, and account details of the customers, and with so many people worried about falling victim to identity theft and fraud these days the loss will cause uproar amongst customers of the supermarket bank, particularly those that may have been affected by the security breach.
It is thought that the detail of thirty nine customers in total have been lost as a result of the information being put into the standard post. The documents were being send between offices in Manchester and Glasgow, but given the sensitive and personal nature of the information contained in the documents should not have been put in the standard post without any protection.
Tesco officials have laid the blame at the door of a service provider, although it has failed to provide any names. The details are thought to have been posted by a staff member from the Royal Bank of Scotland who was working as a contractor for Tesco bank.
Tesco is said to have been aware of the data loss in June, and since that time has contacted the customers that have been affected and offered them two years of free insurance against any losses or damages that may arise as a result of the loss of data. more ....
Is it the end for PPI ? -
A recent report has suggested that the end could be in sight for sales of Payment Protection Insurance with financial products by - 28th July 2010 more ....
