Home Breadcrumb caret Industry News Breadcrumb caret Industry Belgian bank federation steals customer’s ID to make a point Febelfin, the Belgian Financial Sector Federation, is warning clients to vigilantly guard personal banking information — in a terrifying way. By Staff | July 15, 2013 | Last updated on July 15, 2013 1 min read Febelfin, the Belgian Financial Sector Federation, is warning clients to vigilantly guard personal banking information — in a terrifying way. Read: Don’t lose client data The federation and its ad agency, Duval Guillaume Modem, sent a random bank customer a phishing e-mail, which he responded to. Then, with one phone call, the agency gained the information needed to drain his bank account and use his credit cards. Read: Regulators aren’t protecting client data The agency took the prank a step further: it found the customer’s Facebook account and used the photographs and other information to successfully impersonate him, even fooling his friends. Also read: Is your private financial data secure? Encrypt client statements before emailing Julius Baer confirms client data stolen Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo