Mass. AG Fines Bank for Breach
DATA LOSS—U.S.August 2, 2011
Massachusetts Attorney General Martha Coakley has imposed a $7,500 fine on a bank for failing to protect customer data, BelmontPatch.com reports. The sensitive information of Belmont Savings Bank customers was exposed in May 2011 after an employee failed to secure a backup tape. "Our office will continue to take action against companies that fail to follow protocol to protect the information entrusted to them by consumers," Coakley said. In addition to the monetary penalty, the bank must shore up its data inventory system; secure sensitive data, and train its employees.