Basic Search  |  Summaries  |  Advanced SearchPenalty: £2,275,000
Year: 2010
Date: 19 August, 2010
Offence Group: consumer-protection-related offences
Offence Type: privacy violation
Violation Description: Zurich paid a £2.28 million fine in settlement of a finding by the FSA that the company failed to take reasonable care to protect clients' confidential information, when an unencrypted data tape was lost by a third party processor and it took a year for the incident to become known.
Action Type: agency action
Settlement Type: settlement of FSA Decision
Agency: Financial Services Authority
HQ Country of Parent: Switzerland
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: insurance
Source of Data: (click here)