- Enforcing jurisdiction
- Norway · Geography does not establish applicable law.
- Confirmed applicable legislation
- Privacy topics
Innovasjon Norge – €95,500 Fine (Norway, 2021)
Privacy enforcement record
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Innovasjon Norge was fined for conducting credit checks on a person without their consent or a valid reason. This case is important because it highlights the need for financial institutions to handle personal data responsibly and ethically.
What happened
Innovasjon Norge performed four credit checks on a person without any contractual basis.
Who was affected
The individual whose financial data was analyzed without consent.
What the authority found
The DPA ruled that Innovasjon Norge unlawfully processed personal data by failing to obtain consent for the credit checks.
Why this matters
This ruling serves as a reminder for financial institutions to ensure they have a legitimate basis for accessing personal data. Companies should strengthen their data protection practices to avoid penalties.
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The Norwegian DPA (Datatilsynet) fined the national development bank Innovasjon Norge NOK 1,000,000 (EUR 95,500). The controller had carried out four credit checks on the data subject without any contractual basis for doing so. For this purpose, the bank had analyzed numerous financial data of the data subject over a period of three months without the data subject's consent.
Related Enforcement Actions (1)
Other enforcement actions involving Innovasjon Norge in NO
Details
Fine Date
4 January 2021
Authority
Datatilsynet (Norway)
Fine Amount
€95,500
About this data
Cite as: Cookie Fines. Innovasjon Norge - Norway (2021). Retrieved from cookiefines.eu
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