Barclays Bank violates customers’ privacy

This video from Britain is called Barclays caught in LIBOR rate fixing scandal; Newsnight 27 6 2012.

From the Mail on Sunday in Britain:

Exposed: Barclays account details for sale as ‘gold mine’ of up to 27,000 files is leaked in worst breach of bank data EVER

Cache of personal and financial details stolen and sold to rogue traders

Unscrupulous dealers ‘used information to pressure investors into scams’

Bank thanked Mail on Sunday for revelation and launched investigation

Barclays now face unlimited fines for not protecting customer information

Former City broker blew the whistle on the files to stop problem growing

By Ian Gallagher and Stephanie Condron and Simon Watkins

PUBLISHED: 22:00 GMT, 8 February 2014 | UPDATED: 22:00 GMT, 8 February 2014

Barclays Bank is reeling from an unprecedented security breach after thousands of confidential customer files were stolen and sold on to rogue City traders.

In the worst case of data loss from a British High Street bank, highly sensitive information, including customers’ earnings, savings, mortgages, health issues and insurance policies, ended up in the hands of unscrupulous brokers.

The data ‘gold mine’ – also containing passport and national insurance numbers – is worth millions on the black market because it allowed unsuspecting individuals to be targeted in investment scams.

Barclays last night launched an urgent investigation and promised to co-operate with police.

It is not clear how the records were stolen, but the bank could face an unlimited fine if found guilty of putting customers’ details at risk.

The leak was exposed by an anonymous whistleblower who passed The Mail on Sunday a memory stick containing files on 2,000 of the bank’s customers.

He claimed it was a sample from a stolen database of up to 27,000 files, which he said could be sold by shady salesmen for up to £50 per file.

‘This is the worst [leak] I’ve come across by far,’ said the former commodity broker. ‘But this illegal trade is going on all the time in the City. I want to go public to stop it getting bigger.’

Barclays blasted over ‘catastrophic’ theft of thousands of customer files. Files containing names, addresses, medical details and NI numbers have allegedly been sold for use by scammers: here.

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