Morning Security Brief: Cyber Monday Safety, Bank Fined for Lack of Protection, Bangladesh Factory Fires, and More
Staying safe on Cyber Monday. Britain fines a bank for failing to implement risk management practices that could have prevented billions of dollars worth of fraud. Police open a negligence investigation as protests begin in the wake of Bangladesh factory fires. And more.
►Before you log on to do your Cyber Monday shopping, check out these tips to stay cyber safe here , here , and here .
►Britain’s Financial Services Authority has fined Swiss bank UBS $48 million for failing to have controls in place that could have prevented a banker from making off with billions of dollars of lenders' money. Says an FSA statement: "UBS failed to take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management systems, and failed to conduct its business from the London Branch with due skill, care and diligence."
►Thousands of garment workers in Bangladesh are protesting, demanding better working conditions after a fire at a garment factory killed 121 people Saturday and a second fire broke out in a building that housed four factories. The first building had no emergency exits and investigators suspect a short circuit caused the fire. “Police said Ashulia's more than 500 factories who make apparel for top global retailers such as Walmart, H&M and Tesco declared a wild-cat ‘holiday’, fearing that the protests could worsen and turn into large-scale unrest,” Al Jazeera reports. Police have opened a murder investigation. The burned factories made clothes for U.S. retailers, according to media reports.
►In other news, police are investigating the death of a Wal-Mart shoplifting suspect. When police arrived, two employees and a security guard had the man restrained, but when an officer moved to handcuff the suspect, the man was dead. ♦ After a head shop owner is busted, court documents show his connection to the Iraqi Mafia . ♦ And here are 10 simple things you can do to help protect your privacy in the digital age.