Company in the financial sector – €80,000 Fine (Germany, 2019)
General GDPR enforcement action
This case relates to broader data protection obligations, not specifically to cookie or consent banner compliance. It is not included in cookie statistics or the Risk Calculator.
A financial services company in Germany was fined for improperly disposing of customer documents containing personal data. The papers were thrown out without being anonymized, leading to a breach of privacy. This incident stresses the need for secure disposal of sensitive information.
What happened
A financial company disposed of customer documents without anonymizing them, leading to a privacy breach.
Who was affected
Two customers whose personal data was exposed due to improper document disposal.
What the authority found
The German authority ruled that the company failed to protect personal data, violating GDPR's integrity and confidentiality requirements.
Why this matters
This fine highlights the importance of secure data disposal methods to protect customer privacy. Businesses should ensure that all personal data is anonymized or securely destroyed before disposal to prevent unauthorized access.
GDPR Articles Cited
In an administrative decision dated 12 April 2019, the authority imposed a fine of 80,000 euros on a medium-sized financial services company. This company had failed to take the necessary care to preserve the integrity and confidentiality of information within the meaning of Art. 5 para. 1 lit. f GDPR when disposing of documents containing personal data of two customers. Thus, without prior anonymisation, the papers were disposed of in the general waste paper recycling system, where the documents were found by a neighbour.
Related Enforcement Actions (0)
No other enforcement actions found for Company in the financial sector in DE
This is the only recorded action for this entity in this jurisdiction.
Details
Fine Date
12 April 2019
Authority
Bundesbeauftragter für den Datenschutz
Fine Amount
€80,000
Enforcement Tracker ID
ETid-27
About this data
Cite as: Cookie Fines. Company in the financial sector - Germany (2019). Retrieved from cookiefines.eu
Last updated: