- Enforcing jurisdiction
- Sweden · Geography does not establish applicable law.
- Confirmed applicable legislation
- Privacy topics
Klarna Bank AB – €720,000 Fine (Sweden, 2022)
Privacy enforcement record
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Klarna Bank AB was fined EUR 720,000 for not providing enough information about how it processes personal data. This case is significant because it shows that companies must be clear and transparent about their data practices. It serves as a warning for other businesses to improve their communication regarding data processing.
What happened
Klarna Bank AB failed to adequately inform users about the purpose and legal basis for processing their personal data.
Who was affected
Users of Klarna Bank AB who had their personal data processed were affected by this lack of information.
What the authority found
The Swedish DPA found that Klarna violated several GDPR requirements related to information obligations.
Why this matters
This ruling highlights the necessity for companies to be transparent about their data handling practices. It encourages businesses to review and enhance their privacy policies to avoid similar penalties.
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The Swedish DPA has imposed a fine of EUR 720,000 on Klarna Bank AB. Klarna is a financial company that processes a large number of personal data in various ways. As part of its investigation, the DPA found that Klarna had not properly complied with its information obligations. For example, Klarna did not provide sufficient information on its website about the purpose and legal basis for the processing of personal data. In addition, with regard to the transfer of data to Swedish and foreign credit agencies, Klarna provided incomplete information about the recipients of the personal data. Klarna also failed to provide information about third countries where personal data is transferred to. Finally, the DPA found that Klarna insufficiently informed data subjects about their rights under the GDPR.
Related Enforcement Actions (8)
Other enforcement actions involving Klarna Bank AB in SE
Fine
€720K
Details
Fine Date
28 March 2022
Authority
Integritetsskyddsmyndigheten
Fine Amount
€720,000
Enforcement Tracker ID
ETid-1112
About this data
Cite as: Cookie Fines. Klarna Bank AB - Sweden (2022). Retrieved from cookiefines.eu
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