Swiss Bank Credit Suisse is one of the world's leading financial institutions, but its record has been blemished in the past year. Charged with laundering money for Bulgarian cocaine traffickers, it became the first bank in Switzerland's history to face a criminal trial. Now it has been hit by a serious data breach, since a former employee has stolen data of its staff members.
In an email to its workforce, the bank informed them about their former colleague, who copied information including personal details and salaries on an external device. The theft of data about an unspecified number of employees, had been unearthed by the bank back in 2021. Credit Suisse has since taken legal action, as the employee with legitimate system access violated its policies.
As of now, there hasn't been any transmission of the data on the internet, and any intent of using it hasn't been expressed.
Credit Suisse had also been hit by the collapse of hedgefund Archegos and another one linked to Greensill, before posting its highest ever loss of $7.9 billion last year.
