TOTAL: {[ getCartTotalCost() | currencyFilter ]} Update cart for total shopping_basket Checkout
Webcon_PA_300x250_ad_September_Privacy-Analytics_2017
Webcon_PA_300x250_ad_September_2017_OneTrust
PrivacyCore_ad_300x250-01

Bloomberg reports that eight banking lenders are suspected of breaking rules on protecting customer data for a total of more than 500 times in one year, according to UK consumer rights group Which?. The Information Commissioner's Office (ICO) has received complaints that banks failed to give customers copies of data held on them, the report states, and gave data to third parties. Complaints against financial institutions have risen 10 percent from 2009, the group says. It claims the problem could be much more widespread, but few consumers know how to report breaches. A spokesman for the ICO told the IAPP Europe Data Protection Digest that it has identified financial services as one of its priority areas and that it is working closely with that sector to help it make improvements, adding, "Where we encounter systemic problems, we are committed to taking appropriate regulatory action, including imposing financial penalties in the most serious cases."
Full Story

Comments

If you want to comment on this post, you need to login.