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Some 24,000 hit by stolen HSBC Swiss bank data
Posted: 11 March 2010 1934 hrs

 
 
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GENEVA: Some 24,000 customers may have been affected by the theft of data from a Swiss branch of banking giant HSBC three years ago, Alexandre Zeller, chief executive of HSBC Private Bank, said on Thursday.

HSBC Private Bank (Switzerland) said 9,000 of them had since changed banks, leaving 15,000 of its remaining customers concerned by the leak.

The bank apologised to its clients in a statement and revealed that it was only just coming to understand the full extent of the theft by an employee who leaked secret data to French tax authorities last year.

"It is now clear that the theft, which was carried out by an employee of the IT department about three years ago, could concern about 15,000 current clients whose accounts were opened in Switzerland before October 2006," Zeller said.

HSBC Private Bank said that was equivalent to less than a fifth of its current customers.

The theft triggered a brief spat between Switzerland and France last year after French authorities recovered the data from former employee Herve Falciani to probe suspected evasion by French taxpayers with secret Swiss accounts.

HSBC insisted that client data in the bank's branches outside Switzerland or other parts of the banking group were not affected because of distinct computer and security systems.

But Zeller said the affected clients "were not all French."

"We are determined to protect their interests and we are doing everything to do so. That's why we are actively contacting all our clients who have accounts open in Switzerland," he said.

Switzerland and France resolved their dispute over the affair earlier this year.

France sent copies of the stolen data to Switzerland and gave an assurance that the data would not be transmitted to other countries.

Zeller said the bank had only been able to evaluate the extent of the leak after it received the copies on March 3.

The data came in the form of "sophisticated computer files" rather than a list of customers, he explained.

It was seized by police in southern France acting under a Swiss search warrant for the former employee, a French citizen identified as Herve Falciani.

- AFP/ir

 


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