FSA Fines Zurich Insurance for Loss of Customer Details

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8/31/2010

Katten Muchin Rosenman LLP Contact

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On August 24, the UK Financial Services Authority (FSA) announced that it had fined the UK branch of Irish company Zurich Insurance Plc (Zurich UK) £2.275 million (approximately $3.5 million) after 46,000 customers’ confidential information was lost. This is the highest fine imposed to date on a single firm for failings in data protection.

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Published In: Administrative Law Updates, Finance & Banking Updates, Insurance Updates, Privacy Updates

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