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Concerns about data protection have grown after the revelation that Octopus Holdings Ltd. shared the personal data of about two million customers, according to the firm Angela Wang & Co., which says an appeals board's recent ruling should serve as a "useful insight" as to how banks handle customer data. In Wing Lung Bank Limited vs. Privacy Commissioner for Personal Data (PCPD), the bank entered into an agreement with a third-party insurance company that used customer contact information to promote insurance products over the telephone. After an individual complained about her personal data being transferred without consent, the PCPD issued an enforcement notice to the bank, which appealed the notice but lost.
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