Feeds

One of our disc drives is missing

UBS bank hunts client data

  • alert
  • submit to reddit

High performance access to file storage

Investment bank UBS has launched an investigation after a disc reckoned to contain sensitive client data went missing. The lost drive held data from the bank's Tokyo share trading division raising fears that confidential trading histories from the bank's corporate clients might be disclosed, The Times reports. Japanese regulators told the paper they took the leak "extremely seriously". Japan's Financial Services Agency was told about the missing disc last week and though it’s unclear when the disc went missing, theories abound.

The disc went missing during the course of a software upgrade between the bank's Tokyo and Hong Kong offices. Although earmarked for destruction the disc remains unaccounted for. "Although the metal case that once contained the disk is understood to have been retrieved, the storage machinery inside was gone. It is not known whether the disk has fallen into the hands of anyone outside the bank," The Times reports.

Client data would normally be saved onto corporate servers rather than desktops but UBS is refusing to take any chances. The bank said it has launched a probe into the disc's disappearance. ®

Related stories

US nuclear lab suspends secret work
Los Alamos and the missing discs that never were
Five lose jobs over nuke lab security debacle
Man unearths MoD secrets at rubbish dump

High performance access to file storage

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Parent gabfest Mumsnet hit by SSL bug: My heart bleeds, grins hacker
Natter-board tells middle-class Britain to purée its passwords
Web data BLEEDOUT: Users to feel the pain as Heartbleed bug revealed
Vendors and ISPs have work to do updating firmware - if it's possible to fix this
OpenSSL Heartbleed: Bloody nose for open-source bleeding hearts
Bloke behind the cockup says not enough people are helping crucial crypto project
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Call of Duty 'fragged using OpenSSL's Heartbleed exploit'
So it begins ... or maybe not, says one analyst
German space centre endures cyber attack
Chinese code retrieved but NSA hack not ruled out
Experian subsidiary faces MEGA-PROBE for 'selling consumer data to fraudster'
US attorneys general roll up sleeves, snap on gloves
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.