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NATIONAL BANK OF GREECE S.A. – €20,000 Fine (Greece, 2022)

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

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NATIONAL BANK OF GREECE S.A. was fined EUR 20,000 for storing customers' last 10 transactions on debit/credit cards without their consent. This violation of GDPR rules about customer information is significant. It reminds all financial institutions to prioritize transparency in data handling.

What happened

NATIONAL BANK OF GREECE 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 NATIONAL BANK OF GREECE S.A. were affected.

What the authority found

The Hellenic Data Protection Authority found that the bank failed to inform customers about the storage of their transaction information, violating Article 13 of GDPR.

Why this matters

This ruling stresses the importance of transparency for banks. It serves as a reminder that companies must inform customers about how their data is collected and used.

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 NATIONAL BANK OF GREECE 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 NATIONAL BANK OF GREECE 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. NATIONAL BANK OF GREECE S.A. - Greece (2022). Retrieved from cookiefines.eu

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