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HSBC loses customers' data disc HSBC loses customers' data disc
(10 minutes later)
The HSBC banking group has admitted losing a computer disc with the details of 370,000 customers.The HSBC banking group has admitted losing a computer disc with the details of 370,000 customers.
The disc was lost four weeks ago after being sent by courier from the bank's offices in Southampton.The disc was lost four weeks ago after being sent by courier from the bank's offices in Southampton.
The customers' details included their names, dates of birth, and their levels of life insurance cover.The customers' details included their names, dates of birth, and their levels of life insurance cover.
However, there are no addresses or bank account details and HSBC said the customers' exposure to potential fraud was limited.However, there are no addresses or bank account details and HSBC said the customers' exposure to potential fraud was limited.
"We are looking into it and basically it has got lost from A to B," said an HSBC spokesman.
"The reinsurer we sent it to is doing a thorough search for the disc. We will do anything we can to find it."
"There are no financial details there in terms of banking details. There are no address details or anything like that," he added.
The Financial Services Authority (FSA) has been informed of the data loss and is likely to mount an investigation.
In the past year, both the Nationwide building society and the Norwich Union insurance company have suffered heavy fines and public reprimands for not looking after customer details properly.
In the most spectacular example yet of data loss, the HM Revenue and Customs (HMRC) lost some computer discs while in transit between London and Newcastle.
These contained the entire child benefit data base, covering 25 million claimants, including full bank and building society details.
The discs have not yet been recovered.