Banks should report theft of clients’ personal details

10th November 2008, Comments 0 comments

The law should make it compulsory for banks and credit companies to report stolen details to the clients involved, say local authorities.

10 November 2008

THE NETHERLANDS - Banks and credit card companies should be compelled by law to report the theft of personal details to their clients, say Fred Speijers from the Public Prosecutor's Office and Jacob Kohnstamm, the chairman of the Dutch Data Protection Authority.

They were speaking on the television news programme Zembla, which examined the ease with which credit card numbers, names and telephone numbers could be purchased online.

Investigators from the programme had shown that they were able to use the internet to buy personal details for less than EUR 4 per individual. They were also able to do this without the credit card owner being aware of the transaction.

Currently, banks and credit card suppliers are under no legal obligation to report stolen details to the clients involved.

[Radio Netherlands / Expatica]

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