Losses and lawsuits
Loss database
CITIGROUP
Japan’s Financial Services Agency (FSA) ordered Citibank’s Tokyo branch on June 11 to improve its security measures and internal controls, after backup data containing 123,690 consolidated customer statement files were lost en route to the bank’s data centre in Singapore. The regulator cited a litany of failings in what it called a “serious incident”. The missing statements reflected transactions from the past month for deposits, loans and mutual funds, and contained
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