Jan 152011
 

Faced with financial problems, a bank executive sold customers’ confidential details to several buyers, including an illegal moneylender, a court heard yesterday.

In return, Sazaly Selamat, who worked for DBS Bank, was paid a total of $2,625.

Yesterday, the 40-year-old pleaded guilty to seven charges of corruption and two of computer misuse.

He was authorised to access the bank’s in-house customer database system to retrieve information such as customers’ identity card numbers, addresses and other contact details, Assistant Public Prosecutor Puspha S. told the court.

Read more on The Straits Times.

If he was paid $50 for each individual’s info, that would suggest that about 1300 customers were affected, but there’s not enough detail in the news story to be sure about that. I wonder if the bank ever sent any letters of apology to the customers, or how they handled this.

ChannelNewsAsia adds that the illegal conduct occurred between July 2005 and October 2006 and that Selamat worked in the bank’s technical and operations department.

Shaffiq Alkhatib notes that the wrongdoing came to light in September 2006 because a bank customer contacted the bank to complain that she was being hounded by a loanshark because an employee had leaked her details.

Thanks to Jake Kouns for alerting me to this breach.

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