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Cyprus · Geography does not establish applicable law.
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Bank of Cyprus Public Company Ltd. – €8,000 Fine (Cyprus, 2023)

€8,000Commissioner for Personal Data Protection1 January 2023Cyprus
final
Fine

Privacy enforcement record

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The Bank of Cyprus was fined EUR 8,000 for keeping incorrect data about a user. This case highlights the importance of maintaining accurate records to protect user privacy.

What happened

The Cypriot DPA fined the Bank of Cyprus EUR 8,000 for storing inaccurate data about a user.

Who was affected

A user whose data was inaccurately stored was affected by this fine.

What the authority found

The authority found that the bank violated GDPR by not ensuring the accuracy of personal data.

Why this matters

This case emphasizes the need for companies to regularly review and update their data to ensure accuracy. Businesses should implement processes to verify the information they hold.

Recorded legal citations
Automatically processed
Art. 5(1)(d) GDPR
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Art. 5(1) d) GDPR

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Full Legal Summary
Detailed

The Cypriot DPA has imposed a fine of EUR 8,000 on Bank of Cyprus Public Company Ltd.. The controller had stored inaccurate data about a data subject in its system.

Related Enforcement Actions (0)

No other enforcement actions found for Bank of Cyprus Public Company Ltd. in CY

This is the only recorded action for this entity in this jurisdiction.

Details

Fine Date

1 January 2023

Authority

Commissioner for Personal Data Protection

Fine Amount

€8,000

About this data

Data: CMS GDPR Enforcement Tracker
Licensed under CC BY-NC-SA 4.0
Automatically normalized and classified

Cite as: Cookie Fines. Bank of Cyprus Public Company Ltd. - Cyprus (2023). Retrieved from cookiefines.eu

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