HSBC Concerns

After reading this article, I am severly concerned with the way HSBC operates its security practice. Surely a financial bank must follow regulatory guidelines and must track and log, investtigate and maintain their security policies, and implement them. If your data is not safe in a Bank, then we would expect it cannot be safe anywhere - surely they should have the latest and greatest security products, physical, logical, technical and deterent controls implemented.

In this article, I am amazed how a server can just go missing. Surely they would have thought to have security guards on site watching over the equipment during the rennovations. After all, there are many techniques to crack security, but having deterents and access controls in place, isn't that difficult to implement !

Should we bank with them if this carries on....? Thats up to you.