Breach, Data Security

Recovered USB stick contains Barclays data, customers offered compensation

London-based Barclays bank will pay out more than $780,000 in compensation to the 2,000 customers who had personal information on a USB stick that was recovered at an apartment in England during a criminal investigation, The Herald in Scotland reported on Monday.

A Barclays spokesperson did not confirm the figures to In a Tuesday email correspondence, the spokesperson said that thousands will receive letters and that Barclays is offering compensation, but conclusive numbers have not been released.

The spokesperson said that data on the USB stick is from 2008 or earlier, belongs to a group of customers linked to the now defunct Barclays Financial Planning business, and is part of the same theft of data that was reported last year.

“It is simply a separate USB data stick that was not received at that point in time and was recently discovered by the Police,” the spokesperson said.

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