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Jersey regulator apologies for data breach on 261 people with trusts, companies

By Mark Battersby, 16 Jul 24

This is the second time in 2024 where the island regulator has flagged breaches

Jersey Financial Services Commission (JFSC) has apologised for a data breach that meant information on 261 people associated with Jersey trusts and companies was temporarily made publicly accessible.

This is the second time in 2024 where the island regulator has flagged breaches, as on 23 January it said “a vulnerability was detected in our Registry system” as reported on Investment International.

In a statement on 12 July, the JFSC said data had been available from 21-24 June as a result of an issue that occurred “during registry system maintenance”.

On 24 June 2024 it was “alerted to an issue which inadvertently occurred during registry system maintenance. This resulted in information on the 2021 Transition and Annual Confirmation form, some of which was non-public information, becoming publicly accessible from 21 to 24 June, affecting 261 people.

“As soon as we became aware of this issue, we acted immediately and remedied the situation on the same day. We are engaged with the Jersey Office of the Information Commissioner.”

The regulator further said: “Trust and confidence in the security and confidentiality of our registry system is a critical priority.

“We are sorry this issue occurred and have undertaken a thorough review to pinpoint the exact cause to ensure this does not happen again. We understand the importance of this situation and are committed to communicating in an open and transparent manner.

“We have written to those individuals affected and notified the relevant Trust Company Businesses.”

 

Tags: Jersey

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.