HSBC hit with multi-million pound fine


The Financial Services Authority (FSA) has fined three HSBC firms, including HSBC Insurance Brokers, over £3 million for not having adequate systems and controls in place to protect their customers' confidential details from being lost or stolen. HSBC Insurance Brokers was fined £700,000 in total.

The firms' failings have contributed to customer data being lost in the post on two occasions.

During its investigation into the firms' data security systems and controls, the FSA found that large

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: