A major financial institution in the United Kingdom was slapped with a nearly $2 million fine for failing to adequately protect customer information. The Financial Services Authority fined the Nationwide Building Society £980,000 for failing to have effective systems and controls to manage its information security risks. The fine is directly connected to last year’s theft of a Nationwide laptop from an employee’s home. During its investigation, the FSA found that the building society didn’t have adequate information security procedures and controls in place, potentially exposing its customers to an increased risk of financial crime, according to a release on its Web site.