Spanish Data Protection Authority (AEPD) · 7 May 2024
4FINANCE SPAIN FINANCIAL SERVICES, S.A.U.
Insufficient technical and organisational measures to ensure information security
Fine€360,000Fine issued
- Regulator
- Spanish Data Protection Authority (AEPD)
- Decided
- 7 May 2024
- Country
- Spain
- Sector
- Finance, Insurance and Consulting
- Regulator’s reference
- Not recorded
- Fino case number
- 2024/ES/080
What happened
The DPA fined a lending institution €600,000 for inadequate security measures, including its lack of two-factor authentication when approving loans. The controller acknowledged its fault and paid a reduced fine of €360,000 in accordance with national law.
Summary from the GDPRhub page for this decision, written by its volunteers, not by Fino. CC BY-NC-SA 4.0.
Rules involved
- Art. 5Principles relating to processing of personal data5(1)(f)Read →
- Art. 32Security of processingRead →
- Data principles
- Data security
Sources
The facts on this page come from the sources above, as they recorded them. Nothing has been estimated or filled in. Not legal advice.
Spotted a mistake? Write to angelillolorenzo@gmail.com and quote 2024/ES/080.