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4FINANCE SPAIN FINANCIAL SERVICES, S.A.U. – €360,000 Fine (Spain, 2024)

€360,000Agencia Española de Protección de Datos7 May 2024Spain
reduced
Fine

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4FINANCE SPAIN FINANCIAL SERVICES, S.A.U. faced a fine after a data breach exposed customer profiles due to inadequate security measures. This incident emphasizes the need for companies to protect personal data properly. The fine was reduced because the company acknowledged its responsibility.

What happened

The company experienced a data breach that led to unauthorized access to customer profiles.

Who was affected

Customers whose personal data was exposed during the breach.

What the authority found

The Spanish DPA found that the company failed to implement adequate security measures, violating GDPR requirements for data protection.

Why this matters

This case underscores the necessity for businesses to adopt strong security practices to protect customer data. Companies should regularly assess their security measures to prevent breaches and comply with GDPR.

Recorded legal citations
Automatically processed
Art. 32 GDPR
Art. 5(1)(f) GDPR
View original scraped data
Art. 5(1)(f) GDPR
Art. 32 GDPR

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Full Legal Summary
Detailed

The Spanish DPA has imposed a fine on 4FINANCE SPAIN FINANCIAL SERVICES, S.A.U.. The controller had suffered a data breach that led to the unlawful access to customer profiles. During its investigation, the DPA found that the controller had failed to take appropriate technical and organizational measures to protect personal data in order to prevent such an incident. The original fine of EUR 600,000 was reduced to EUR 360,000 due to voluntary payment and acknowledgement of responsibility.

Related Enforcement Actions (0)

No other enforcement actions found for 4FINANCE SPAIN FINANCIAL SERVICES, S.A.U. in ES

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

Details

Fine Date

7 May 2024

Authority

Agencia Española de Protección de Datos

Fine Amount

€360,000

About this data

Data: CMS GDPR Enforcement Tracker
Licensed under CC BY-NC-SA 4.0
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Cite as: Cookie Fines. 4FINANCE SPAIN FINANCIAL SERVICES, S.A.U. - Spain (2024). Retrieved from cookiefines.eu

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