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CEO Called to Task for Customer Data Sales

RFID—HONG KONG

August 2, 2010

Octopus Holdings' largest shareholder, MTR Corp., has said the Octopus board must decide CEO Prudence Chan's fate after the company's management of the sale of nearly two million customers' personal data put its reputation at risk, Bloomberg reports. Meanwhile, Democratic Party Deputy Chairwoman Emily Lau Wai-hing has urged the government to appoint an independent inquiry panel to investigate the matter. Additionally, the acting chief secretary has announced that the government is to review the privacy law and will possibly consider making the unauthorized use of personal data a criminal offense, and Privacy Commissioner for Personal Data Roderick Woo Bun has suggested Octopus use a larger font size on future customer application forms for greater transparency.
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