- Enforcing jurisdiction
- Spain · Geography does not establish applicable law.
- Confirmed applicable legislation
- Privacy topics
AXA Real Estate Investment Managers Iberica S.A. – €100,000 Fine (Spain, 2024)
Privacy enforcement record
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AXA Real Estate was fined €100,000 for a data breach involving a USB device that contained sensitive information. The breach occurred because the password for the encrypted USB was sent in the same envelope, leading to its loss. This case underscores the need for strong data security measures.
What happened
AXA Real Estate mishandled a USB device containing sensitive data, leading to a data breach.
Who was affected
143 individuals whose sensitive information was stored on the lost USB device.
What the authority found
The Spanish data protection authority found AXA violated security measures under GDPR and imposed a €100,000 fine.
Why this matters
This case highlights the importance of proper data security practices and the potential financial consequences of negligence in protecting sensitive information.
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AXA Real Estate Investment Managers Iberica S.A. faced a data breach in May 2023 involving the mishandling of a USB device containing sensitive information for 143 individuals. Although the USB was encrypted, the password was sent within the same envelope, leading to the loss of both the device and its password. The AEPD initiated a sanction process, citing a violation of Article 32 of the GDPR for inadequate security measures. AXA was fined €100,000, reduced to €80,000 due to voluntary payment.
Related Enforcement Actions (0)
No other enforcement actions found for AXA Real Estate Investment Managers Iberica S.A. in ES
This is the only recorded action for this entity in this jurisdiction.
Details
Fine Date
7 June 2024
Authority
Agencia Española de Protección de Datos
Fine Amount
€100,000
GDPRhub ID
gdprhub-8269About this data
Cite as: Cookie Fines. AXA Real Estate Investment Managers Iberica S.A. - Spain (2024). Retrieved from cookiefines.eu
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