Iceland

Creditinfo Lánstraust hf.

257,000 €

GDPR enforcement action by Icelandic data protection authority ('Persónuvernd') on 2023-06-27.

Rank · Sector

#55

of 322 in Finance, Insurance and Consulting

Rank · Iceland

of 22

Rank · All fines

#317

of 3,050

Case details

Authority: Icelandic data protection authority ('Persónuvernd')
Date: 2023-06-27
Controller / Processor: Creditinfo Lánstraust hf.
Sector: Finance, Insurance and Consulting
Quoted Articles: Art. 5 (1), (2) GDPR, Art. 6 (1) GDPR, Art. 8 laga nr. 90/2018, Art. 9 laga nr. 90/2018
Type of violation: Insufficient legal basis for data processing

Summary

The Icelandic DPA has imposed a fine of EUR 257,000 on Creditinfo Lánstraust hf.. The controller had registered information on loan defaults even though the required registration conditions for this have not been in place. For instance, unpaid small loans were registered although they were below the required minimum amount. In assessing the fine, the fact that a large number of people were affected by the incident and that the controller was pursuing profits were considered aggravating factors.

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