Norwich Union Life

What

  • Disclosure of personal information to fraudsters.
  • Fraudulent policy surrender

How much

  • 632 records
  • 74 records

Why

Telephone based fraudsters used publically available information (name, DoB etc) to impersonate customers and gain access to accounts.

Regulator

FSA

Regulatory action

Monetary penalty – £1,260,000

Reason for action

Aware of threat but took inadequate countermeasures except in case of Aviva group directors.

When

17 December 2007

Links

View the press release relating to Norwich Union Life on the FSA website

View PDF of the Norwich Union Life Final Notice (via FSA website)

View PDF of the Norwich Union Life Final Notice (Breachwatch archive)