Barclays blamed 'human error' for data trade issue

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Barclays mistakenly revealed client names and trading information to the German Finance Agency earlier this year.

Bloomberg News reports that in an email to affected customers last week, the bank blamed “human error” for compromising their confidentiality after it sent the wrong file to the German debt agency in February, according to people briefed on the matter, who asked not to be identified because the communications were private. The trade data, which concerned transactions in January, is sent every month and client information is supposed to be kept anonymous, the people said.

Alexandra Beust, chief spokeswoman for the German agency, confirmed the incident and said the organization immediately alerted Barclays and deleted the data. The agency doesn’t see the need to change its procedures based on a one-time event, Beust said. A spokesman for Barclays in London declined to comment.

Hit the link below to access the complete Bloomberg News article:

Barclays Mistakenly Sent Client Names to German Finance Agency

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