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Greece · Geography does not establish applicable law.
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PIRAEUS BANK S.A. – €20,000 Fine (Greece, 2022)

€20,000Hellenic Data Protection Authority3 October 2022Greece
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Fine

Privacy enforcement record

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PIRAEUS BANK S.A. received a EUR 20,000 fine for keeping customers' last 10 transactions on debit/credit cards without their consent. This action breached GDPR rules requiring customer notification. It serves as a warning for banks and other companies about the importance of data transparency.

What happened

PIRAEUS BANK S.A. stored customers' last 10 transactions on debit/credit cards without obtaining their explicit consent.

Who was affected

Customers who used debit/credit cards issued by PIRAEUS BANK S.A. were affected.

What the authority found

The Hellenic Data Protection Authority determined that the bank did not inform customers about the storage of their transaction information, violating Article 13 of GDPR.

Why this matters

This case highlights the necessity for banks to be transparent about data usage. Companies must ensure they communicate clearly with customers regarding their data handling practices.

Recorded legal citations
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Art. 13 GDPR
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Art. 13(GDPR)

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Full Legal Summary
Detailed

The Hellenic DPA has imposed a fine of EUR 20,000 on PIRAEUS BANK S.A.. In the context of the use of certain debit/credit cards, information of the last 10 transactions were stored on the chip of the card without the customers' explicit consent. This information could be read out later. The DPA found that the bank had failed to inform affected customers about this storage of transaction information and therefore violated Art. 13 GDPR.

Related Enforcement Actions (0)

No other enforcement actions found for PIRAEUS BANK S.A. in GR

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

Details

Fine Date

3 October 2022

Authority

Hellenic Data Protection Authority

Fine Amount

€20,000

About this data

Data: CMS GDPR Enforcement Tracker
Licensed under CC BY-NC-SA 4.0
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Cite as: Cookie Fines. PIRAEUS BANK S.A. - Greece (2022). Retrieved from cookiefines.eu

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