Researcher Karsten Nohl, an expert in data security, started a campaign against the major mobile operators in order to determine the adoption of more stringent measures to secure data traffic created by the users of mobile internet services.
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Three units of HSBC Group have been fined GBP 3.185 million (USD $5.2 million) by Britain’s financial regulator for failing to protect consumer data from loss or theft.
The Financial Services Authority (FSA) said all three firms had been warned by HSBC Group Insurance’s compliance team about the need for robust data security controls in July 2007.