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Tuesday, August 02, 2005

One of our disk drives is missing

 
By John LeydenPublished Tuesday 31st May 2005 16:36 GMTInvestment bank UBS has launched an investigation after a disc reckoned to contain sensitive clientdata went missing. The lost drive held data from the bank's Tokyo share trading division raisingfears that confidential trading histories from the bank's corporate clients might be disclosed, TheTimes reports. Japanese regulators told the paper they took the leak "extremely seriously". Japan'sFinancial Services Agency was told about the missing disc last week and though it's unclear when thedisc went missing, theories abound.The disc went missing during the course of a software upgrade between the bank's Tokyo and Hong Kongoffices. Although earmarked for destruction the disc remains unaccounted for. "Although the metalcase that once contained the disk is understood to have been retrieved, the storage machinery insidewas gone. It is not known whether the disk has fallen into the hands of anyone outside the bank,"The Times reports <http://business.timesonline.co.uk/article/0,,8209-1633534,00.html>.Client data would normally be saved onto corporate servers rather than desktops but UBS is refusingto take any chances. The bank said it has launched a probe into the disc's disappearance. R

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