Feeds

Octopus-gate chief exec resigns over private data sale

On her bike

Beginner's guide to SSL certificates

The sale of private data by Hong Kong transport payments firm Octopus Holdings has forced the resignation of chief exec Prudence Chan.

Octopus, which sells cards used by Hong Kong residents to pay for subway and bus fares, has agreed to donate to charity the HK$44m ($5.7m) it made from selling the details of an estimated two million users as it seeks to draw a line under the scandal. David Tang, head of property projects at MTR Corp, a majority shareholder at Octopus, has been appointed as interim chief executive. Chan will remain at Octopus for a six-month handover period, Bloomberg reports.

The transport payment firm sold personal data to six firms without the consent of its customers. Chan initially denied the sale of the data to privacy commissioners but was forced to admit wrongdoing after further evidence emerged. Her dissembling provoked a public outcry and calls from local politicians for her to resign.

Octopus cards are held by the vast majority of HK residents and can be used to buy food at various outlets as well as paying for transportation. Some purchase the cards for cash but Octopus cards can also be recharged using credit cards. In addition, the firm operates a loyalty card scheme. ®

Internet Security Threat Report 2014

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.