Who Stole Account Data from HSBC's Private Bank in Switzerland

question 68

Multiple Choice

Who stole account data from HSBC's Private Bank in Switzerland and how did HSBC learn about the data theft?

• A)Account data was stolen by a former HSBC IT specialist;HSBC learned about the theft from French Authorities several years after the theft.
• B)Account data was stolen by a group of hackers who cracked passwords;HSBC detected the data theft from their IT staff within a few days.
• C)Malware was used to steal the account data;network intrusion detection systems detected the theft as it was happening.
• D)Competitors stole the account data;HSBC learned about the theft months later when customers complained about identity theft.

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Definitions:

Social Security Portion

The part of income that goes towards Social Security contributions, typically seen on payroll statements.

Annual Wage Base

The maximum amount of earnings on which employees must pay Social Security taxes in a given year.

FUTA Tax

Federal Unemployment Tax Act tax, an employer-paid tax used to fund state workforce agencies.

Maximum Credit

Refers to the highest amount of credit a taxpayer can claim on their tax return, which directly reduces their tax liability.