Bank Of England Loses 161 Electronic Devices

Bank Of England Loses 161 Electronic Devices
Bank Of England Loses 161 Electronic Devices

The Bank of England lost 161 electronic devices between September 2018 and August 2021.

The data has been obtained by Parliament Street Think Tank through a Freedom of Information (FOI) request. A total of 25 devices were lost or stolen just in 2021 alone.

In 2018 a total of 70 devices were reported missing or lost and 12 were reported stolen. In 2019, the number decreased, with 46 missing and 8 stolen. In 2021, a total of 16 devices were reported lost and 9 were stolen.

The highest number of missing devices were mobile phones, with a total of 57 lost or stolen in 2018, 30 lost or stolen in 2019 and 17 in 2021.

Laptops were the next highest devices to go missing. In 2018, 14 laptops were reported missing and 6 stolen. In 2019, 17 laptops were reported lost and 6 stolen and in 2021, 3 laptops went missing and 5 stolen.

This year The Bank of England was accused of moving too slow, according to experts, who say it needs to get a grip on the financial sector’s plans to outsource customer data storage. The loss of so many devices raises concerns that banks are not doing enough to keep data secure.