Cyprus

NAGA Markets Europe Ltd

9,000 €

GDPR enforcement action by Cypriot Data Protection Commissioner on 2023-05-02.

Rank · Sector

#211

of 322 in Finance, Insurance and Consulting

Rank · Cyprus

#20

of 47

Rank · All fines

#1,473

of 3,042

Case details

Authority: Cypriot Data Protection Commissioner
Date: 2023-05-02
Controller / Processor: NAGA Markets Europe Ltd
Sector: Finance, Insurance and Consulting
Quoted Articles: Art. 5 (1) f) GDPR, Art. 32 (1) b), d) GDPR
Type of violation: Insufficient technical and organisational measures to ensure information security

Summary

The Cypriot DPA has imposed a fine of EUR 9,000 on NAGA Markets Europe Ltd. The controller had suffered a data breach in which an unknown person accessed the company's database, holding the data of approximately 342,000 customers. The DPA found that the controller had not implemented appropriate technical and organizational measures to protect personal data, which facilitated such a breach.

Open original source Links to the regulator's original publication or another source.