Barclays launch investigation following alleged data breach

Barclays launch investigation following alleged data breach

posted in Product ● 8 May 2017

Barclay’s already difficult year looks set to continue as it was announced that up to 27,000 customers’ personal details were stolen and sold to the black market. The breach is worth millions of pounds due to the sensitive nature of the information stolen which includes details of customers’ salary, health issues, passport details, mortgage details and national insurance numbers.

Barclays are investigating the alleged theft in cooperation with regulatory bodies including the Information Commissioners Office (ICO) and the Financial Conduct Authority (FCA). A Barclay’s spokesman said “Protecting our customers’ data is top priority and we take this issue extremely seriously.” It is vital that organisations treat customer security with the gravitas it deserves as recurring news of data breaches demonstrate that they can occur at any time, to any organisation; could you handle the resulting negative media coverage and customer backlash?

This news comes in a long line of setbacks for Barclays, who have been fined over £300,000,000 since 2012 for a series of offences. If Barclays are found to have failed to adequately protected customer information in line with the terms in the Data Protection Act, the bank will face further unlimited fines. Can you risk not securely encrypting your data? Are you willing to risk long term reputation damage, loss of business and expensive fines?

When storing data with Redstor, data is encrypted at your site, prior to transit, and only you have access to the encryption key. This means no one, not even us, can access your data. Redstor’s range of secure, encrypted services for the public and private sectors ensure that the burden of maintaining compliance with the Data Protection Act is made easier and can be achieved more cost-effectively. Redstor is a market leader in providing security, storage and disaster recovery services to the public and private sector. Our range of secure and encrypted cloud services are already protecting the data of over 10,000 organisations across the UK. Redstor’s Offsite Backup service ensures data is safely backed up offsite in an encrypted format. Our cloud file sync and share service, Centrastor, enables organisations to store and share files securely online from any device with an Internet connection and our CentraStage service enables support providers to guarantee that devices they support are regularly audited, patched and safely up-to-date for effective device management. Our Virtual Disaster Recovery service guarantees to have your systems up and running within minutes following a disaster. To find out more about our services and how we can help you comply with data protection laws and prevent data leakage, please contact us either by giving us a ring on 01189 515 200 or emailing [email protected].

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