The Italian Data Protection Authority, also known as “Garante” (Garante per la protezione dei dati personali) has imposed a fine on UniCredit institution. The authority is to charge the financial services company €600,000 for major security flaws which interfered with compliance. The pre-GDPR penalty is exacted from the bank for failing to conform to the Italian Personal Data Protection Code.
Three years ago, between April 2016 and July 2017, a massive data breach occurred. At the end of July the authority was notified about the incident. 700,000 clients got their personal details affected. The compromised data included payroll data, contacts, education details, financial details exposing bank accounts, loans, credit ratings and payment status. The data was reported to be accessed with no authorisation.
UniCredit is accused of providing insufficient banking transaction protection and inability to meet the requirements introduced to ensure safe operating.
Subscribe to get helpful articles and white papers.
We discuss industry trends and give advice on how to deal with data leaks and cyber incidents.
SearchInform uses four types of cookies as described below. You can decide which categories of cookies you wish to accept to improve your experience on our website. To learn more about the cookies we use on our site, please read our Cookie Policy.
Necessary Cookies
Always active. These cookies are essential to our website working effectively.
Cookies does not collect personal information. You can disable the cookie files
record
on the Internet Settings tab in your browser.
Functional Cookies
These cookies allow SearchInform to provide enhanced functionality and personalization, such as remembering the language you choose to interact with the website.
Performance Cookies
These cookies enable SearchInform to understand what information is the most valuable to you, so we can improve our services and website.
Third-party Cookies
These cookies are created by other resources to allow our website to embed content from other websites, for example, images, ads, and text.
Please enable Functional Cookies
You have disabled the Functional Cookies.
To complete the form and get in touch with us, you need to enable Functional Cookies.
Otherwise the form cannot be sent to us.
Subscribe to our newsletter and receive a bright and useful tutorial Explaining Information Security in 4 steps!
Subscribe to our newsletter and receive case studies in comics!