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Information Technology News Oh Lord, make the banks pay for cybercrime
Information Technology News Oh Lord, make the banks pay for cybercrime | Oh Lord, make the banks pay for cybercrime |
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| by Davey Winder | |
| Wednesday, 09 July 2008 | |
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Page 2 of 3 The Committee also called for reporting procedures when
it comes to online fraud to be re-worked, pointing out that currently
victims of such fraud have to report the crime to their banks and not
the police in the first instance. Amazing, but true. When you consider
that banks may have a commercial incentive not to pass a report to the
police, you can see that the old duffers have hit upon another good
point. After all, the police may refuse to investigate an alleged fraud
if the bank does not support the claim in the first place. Featured Whitepaper
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This would require organisations to inform the public about the loss of their personal data as soon as they become aware of that loss, providing an incentive to increase procedures to make sure it doesn't happen in the first place. Currently, with no such legal requirement, companies and public bodies can attempt to cover up these breaches in order to 'protect' their reputation. Unfortunately, the old duffers made exactly the same recommendations last year and they were pretty much either summarily dismissed or ignored. I am not sure why they should think that Gordon Brown is going to take any more notice now. Find out what Lord Sutherland of Houndwood, Chairman of the Lords Science and Technology Committee says about the report... CONTINUED |
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