So I wrote an article recently about Holborn Assets data breaches, but I thought would be best to elaborate on this a bit further. There’s an interesting approach to this from the Chief Operating Officer of Holborn Assets, Simon Parker.
I was sent an obscene amount of clients personal data, this included but was not limited to;
– Client Names
– Client Address
– Contact information including phone numbers and emails.
– Date of Birth
– Passport number
– Details of client investments
– Identification documents
– Proof of address documents
– Application forms for investment
The list goes on.
Data is a pretty hot topic at the moment, businesses work extremely hard to advertise the lengths the go to in order to protect customers data. E.g…. Apple’s recent iPhone ad;
Evidently, sensitive data is quite a sensitive subject nowadays. That is unless, you’re Holborn Assets.
Holborn Assets Chief Operating Officer, Simon Parker, has recently stated that there were no valid terms to my engagement. To quote Mr Parker, I “was not subject to any of Holborn’s internal company procedures.”
Simon also claims that despite the volume of client data and personal information I was being sent, these “policies were not relevant”.
This means that all client data has been knowingly, and willingly, distributed without any valid privacy policies or data protection agreements in force. Simon feels that I do not need to be bound by these agreements…. a questionable outlook for a C Suite executive. 🤷♂️
I am not a registered entity or business. I am a third party individual, to which there were no contractual obligations or policies in force to protect any of the clients personal information.
In summary, Holborn Assets don’t feel it was appropriate to afford any protection to client data, by ultimately stating data protection, privacy and confidentiality policies were all irrelevant.
Whilst these seem like farfetched statements, and these are the last things you’d hear from a competent C.O.O, these were statements actually made under oath.
It baffles me how a company who claims to have in excess of 20,000 clients can be so blasé with the security and privacy of their clients data.
It may be the arrogance of thinking they’re too big to fail. Or the incompetence of an executive team. Ultimately, as with all of Holborn Assets malpractice and misconduct, it’s the client who it’s most detrimental to!
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