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I have just had an e-mail from local council confessing to a data breach involving personal info including bank details. The breach was in a third party organisation (London and Zurich) used by the Council.
This is the second data breach warning which I've received in the last 6 months.
Yet these organisations asssure us our data is perfectly safe under the latest encryption yada yada yada yada.
Having already suffered identity theft once in my lifetime, and two occasions of fraudulent payments from my account, I find this cavalier approach to data security reprehensible. We desperately need an effective Finance Watchdog/Regulator, not the pathetic excuses for the same which currently exist.
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