According to a settlement with the Massachusetts Attorney General’s office, Belmont Savings Bank has fined $7,500 for losing personal information belonging to more than 13,000 customers. In May, an unencrypted backup computer tape containing information from more than 13,000 customers was lost, according to a report by the Boston Herald. The backup tape, which was left out on a desk, was inadvertently thrown away by the cleaning crew. It is believed that the tape was most likely incinerated by the bank’s waste-disposal company.
The settlement reportedly requires the bank to improve its information security practices, including handling and storage practices.
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