Bank of Ireland has been fined €463,000 by the Data Protection Commissioner for messing up customers’ account details that could have affected their credit ratings. The data breaches involved, which occurred between 2018 and 2019, relate to cases where the bank submitted incorrect information to the Central Credit Register (CCR), which is managed by the Central Bank of Ireland. The overall €463,000 fine was broken up into chunks, attributable to each data mistake that Bank Of Ireland made. Bank Of Ireland also came in for harsh criticism by the data regulator on its data processing systems, identified as a key reason the bank messed up its customers’ information. “The Data Protection Commission has mandated further measures and work has already begun to put these in place.

Source: Irish Independent April 05, 2022 22:40 UTC