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from the Privacy-is-like-virginity-once-you-lose-it-it's-gone dept.
In the last few years: millions of accounts have been breached, AWS contains have been compromised, and if a company is storing their data 'in the cloud' then it's probably just a matter of time until someone hacks into it.
Not so for an Australian bank who uploaded 13 thousand customers' records to a third party data service. The bank admitted fault and the "data service" has reportedly deleted the data which included "customer names, date of birth, contact details and in some cases, government identity numbers."
The breach comes a week after NAB hired Ross McEwan, the man credited with turning around Royal Bank of Scotland, as its new chief executive officer, as it hopes to win back customer trust after damaging findings in a public inquiry into the financial sector.
NAB was among the worst hit of the "Big Four" lenders, after the inquiry specifically cited its CEO and Chairman for failing to accept responsibility for the wrongdoings.
Both individuals resigned days later.
I trust my bank. As far as I can kick them. How do I tell if my bank gives my information out?
(Score: 2, Interesting) by jmichaelhudsondotnet on Sunday July 28 2019, @08:02AM
Your bank gives your information out.
In every test where it has mattered in the united states for my entire adult life, the banks have failed the test and been doing the exact worst possible things they could be doing. Their ability to get away with this seems to be tightly linked to their ability to openly threaten heads of state with manually induced 'economic downturns.'
HSBC, Wells Fargo, BOA, Citibank, JP Morgan, Chase, Deutsche Bank, they have to change names every 7 years their behavior is so atrocious.
But this is late stage capitalism there is an entire parasite class of people who celebrates their parasite behavior on instagram, the national sport is figuring out how to make something of no value and sell it for 500% markup using capital resources borrowed at 0% interest from people who fantasized it into existence. Then their children can get 8000 dollar cameras for their 15th birthday and take pictures of food for a living.
"What, you say? A banker refused to take responsibility for the actions of his bank? How can this beeee?"
Welcome to earth, I see you just arrived so you're going to want to do a little reading on the topic 'bank' before you sign up for that safety deposit box.
I have had good experiences with smaller banks like credit unions but all interactions with the banks above have been disasterous and essentially tyrannical in nature, I cannot imagine anyone who works there caring about consistent application of principle whatsoever in any context, or rights, or hurting people, or actual electronic security of anything besides the money itself.