Reportage - online security: Storing online data securely
As the world of e-trading moves on apace, the legal obligations of companies that receive, store and disseminate client information can often be forgotten. Liz McMahon examines the responsibilities brokers have in regards to data
However painful the journey has been, brokers' attitudes towards e-trading are changing. A recent survey found over half of the brokers (55%) wanted to increase their online presence.
To compete with direct insurers, effective online trading is essential for broker survival but this route to market is not without its pitfalls. The hefty fines dealt out by the Financial Services Authority to HSBC and Nationwide Building Society following high-profile data breaches hurt reputations as much as
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