HSBC Bank Hit by Bangalore Breach
Andy McCue writes on C|Net News:
A security breach at international bank HSBC's offshore data-processing unit in Bangalore has led to funds being stolen from the accounts of a small number of U.K. customers.More here.
A 24-year-old worker at the HSBC operation has been suspended after being accused of accessing confidential account information and passing it on to criminal associates in the U.K.
The HSBC worker was caught when the fraud was detected by the bank's security systems. The breach could increase fears surrounding the security of offshore business process outsourcing.
posted by Fergie @ 6/27/2006 11:15:00 AM
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