Italy Fines Intesa Sanpaolo Over Isybank Data Transfer
Italy fined Intesa Sanpaolo 17.6 million euros for illicit data processing of 2.4 million clients. The regulator cited poor communication during the migration.
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Italy's data protection authority has issued a 17.6 million euro fine against Intesa Sanpaolo S.p.A. following an investigation into the bank's handling of customer data during a transition to its digital subsidiary, Isybank. The regulator determined that the bank illicitly processed information belonging to approximately 2.4 million customers who were unilaterally moved to the digital unit.
