Data breach could result in FSA fine for Skipton

The Skipton Building Society has hit the headlines recently after it was revealed that there had been a serious breach of security. Over the past couple of years the topic of security breaches has become more and more of a concern, with many fearing that they have become victims of identity theft as a result of security breaches by banks and other financial institutions. Read more

Tags: Public safety, National security, Crime prevention, Data security, Computer security, identity theft, building society

Whistleblower slates FSA over building societies

A whistleblower who has chosen to remain anonymous due to fears over legal action has slated the UK’s financial regulator, the Financial Service Authority, over its lack of action with regards to building societies venturing into risky areas during the credit boom. The FSA has been accused of ‘apathy and complacency’ by the whistleblower, who was a former supervisor with the authority. Read more

Tags: credit boom, treasury, building societies, Financial Service Authority, Democrat, fsa, lord turner