- Enforcing jurisdiction
- Greece · Geography does not establish applicable law.
- Confirmed applicable legislation
- Privacy topics
Piraeus Bank – €30,000 Fine (Greece, 2023)
Privacy enforcement record
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Piraeus Bank was fined €30,000 for sharing account information without permission. A customer complained after the bank disclosed details about joint accounts to heirs during legal proceedings. This case highlights the importance of protecting personal information and following legal protocols.
What happened
Piraeus Bank disclosed joint account information to heirs without proper consent.
Who was affected
A customer who jointly owned two bank accounts with another individual.
What the authority found
The Hellenic Data Protection Authority ruled that the bank unlawfully disclosed personal data and failed to report the incident promptly.
Why this matters
This ruling emphasizes that banks must handle customer information carefully and report breaches in a timely manner. It serves as a reminder for all companies to prioritize data protection and compliance.
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The Hellenic DPA has imposed a fine of EUR 30,000 on Piraeus Bank. A customer had filed a complaint with the DPA because the bank had disclosed transaction and account balance information from two bank accounts of which they were joint owners to the heirs of the other owner in the course of legal proceedings. The DPA determined, that the disclosure of the joint account information was unlawful. In addition, the bank failed to report the incident to the DPA and the data subject in a timely manner.
Related Enforcement Actions (1)
Other enforcement actions involving Piraeus Bank in GR
Details
Fine Date
2 February 2023
Authority
Hellenic Data Protection Authority
Fine Amount
€30,000
About this data
Cite as: Cookie Fines. Piraeus Bank - Greece (2023). Retrieved from cookiefines.eu
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