Nationwide Building Society Data Breach (2007)

The Nationwide Building Society has been fined 980,000 by the City watchdog over security breaches. The fine follows the theft of a laptop from a Nationwide employee's home which contained confidential customer data. The Financial Services Authority (FSA) found security was not up to scratch after the man had put details of nearly 11 million customers on his computer. The FSA also found that the Nationwide did not start an investigation until three weeks after the theft occurred.