HSBC Private Bank reported on the extent of a serious data theft in Switzerland affecting a proportion of its Swiss-based accounts. Earlier this month, the Swiss authorities passed data files to the bank which showed that client information had been compromised. As a result, the bank said it is contacting customers to explain and apologise for the threat to their privacy. The bank does not believe that the stolen data has or will allow any third party to access any client account.
It is now clear that the theft, which was perpetrated by a former IT employee about three years ago, involves approximately 15,000 existing clients who had accounts with the bank in Switzerland before October 2006. The bank claims that the stolen client information is limited to accounts in Switzerland.
It even happens with the world’s biggest banks! Thanks GOD my accounts weren’t revealed…:P