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2 days agoLloyds Data Security Incident Impacts 450,000 Individuals
Lloyds Banking Group experienced a data security incident affecting 450,000 mobile banking users due to a faulty software update.
Some could see details of transactions, which revealed users' workplaces, salaries, charitable donations, and more. Commenters under British personal finance guru Martin Lewis's social media post about the bug also reported seeing other customers' full names, postcodes, and state pension details. Some said they saw child benefit payments seemingly flowing into their accounts.
This morning we incorrectly showed transaction information from some accounts to other customers in Internet Banking and the mobile app. We're sorry this happened. This issue was quickly identified and resolved We can assure you that nobody had access to your accounts. We're currently reviewing what happened to ensure this cannot occur again.
Lloyds Banking Group boss, Charlie Nunn, could be in line for a maximum annual pay packet worth more than 13m, as he becomes the latest boss to benefit from the UK's controversial decision to lift a cap on banker bonuses. The bank's remuneration committee has begun drafting a new three-year executive pay policy that, for the first time, will take advantage of looser pay rules that have sent potential payouts soaring at rival banks.