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Betfair Director of Security Steps Down

Betfair’s director of group security Sean Catlett has said that he will leave the company at the end of the month. The announcement comes less than 24 hours after The Telegraph revealed that Betfair had suffered a massive security breach in the spring of 2010, though the company claims his departure is unrelated.

On March 14, hackers breached Betfair’s security systems and stole more than two million “encrypted payment card account numbers and details”; more than three million “account user names with encrypted security questions”; and nearly 90,000 “account usernames with bank account details”.

Security specialists Information Risk Management concluded that “appropriate information security governance is not in place within Betfair and as a consequence the business has been exposed to significant risks”.

Catlett is the latest on a long list that have left Betfair since the company went public in October 2010, including chief executive David Yu and chairman Ed Wray. More than 20 security personnel having left Betfair since the security breach occurred.

Click here to read more about Betfair and the betting exchange’s troubles since going public.

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