Privacy Blog

"Friends don’t let friends get spied on.' – Richard Stallman, President of the Free Software Foundation and longtime advocate of privacy in technology.

Life Savings Have Been Stolen from TSB Bank (in the United Kingdom) Accounts

Life savings have been stolen from TSB accounts by fraudsters “exploiting” the bank’s multiple IT problems, with 1,300 people losing money. The introduction of a new IT system in April left customers struggling to make transactions and see their balances. Apparently, fraudsters didn’t have much problem accessing the accounts.

The bank said it would compensate customers in full for any fraud they suffered.

You can read more in an article by Kevin Peachey and in a video in the BBC News web site at: https://www.bbc.com/news/business-44385710.

How secure is YOUR bank?

 

Categories: Bank Fraud, Online Privacy & Security

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