- Enforcing jurisdiction
- Germany · Geography does not establish applicable law.
- Confirmed applicable legislation
- Privacy topics
Company in the financial sector – €80,000 Fine (Germany, 2019)
Privacy enforcement record
This record is classified outside cookie consent. Subject classification does not confirm an applicable law. It is not included in cookie statistics or the Risk Calculator.
A financial services company was fined for improperly disposing of documents containing personal data. This is important because it shows that companies must protect sensitive information even when getting rid of it. Businesses should implement secure disposal methods for personal data.
What happened
The company failed to securely dispose of documents containing personal data of two customers.
Who was affected
Two customers whose personal data was included in the disposed documents were affected.
What the authority found
The authority found that the company did not take necessary precautions to protect personal data during disposal.
Why this matters
This ruling underscores the importance of data security in all aspects of business operations. Companies must ensure they have proper procedures for data disposal to avoid breaches.
View original scraped data
Original imported citations before automated processing; the processing history does not establish independent verification.
Source checks
Linked-source text retrieved.
Automated check recorded — 10 March 2026.
Processing notes: articles corrected, authority corrected.
Retrieved text may be a secondary summary or an announcement. These automated statuses do not establish that the original decision was read or that the record received an independent legal review. How we check sources
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
About this data
Cite as: Cookie Fines. Company in the financial sector - Germany (2019). Retrieved from cookiefines.eu
Last updated: