Bank of Ireland Fined €463,000 Over Data Breaches

Bank of Ireland has been fined 463,000 Euros, (U.S. $504,000) by the Irish Data Protection Commission (DPC) for a number of data breaches from November 2018 to June 2019 affecting customers personal information. The DPC said it investigated the series of data breaches made by the bank, which impacted more than 50,000 customers.   

The notifications concern the corruption of information in the Bank of Ireland’s data feed to the Central Credit Register (CCR), a system that stores loan information.

The findings concern the corruption of information as it pertains to Central Credit Register (CCR) regulations, a system that stores loan information. The CCR processes the Bank of Ireland’s data feed. The latter company was fined for a delay in communicating the data breaches with the affected customers. The DPC confirmed that 19 of the reported incidents constitute data breaches under Ireland’s General Data Protection Regulation (GDPR). In addition to the fines, the DPC issued a reprimand and has ordered that the Bank of Ireland comply with data protection regulations in place in the country. 

Since the release of information, the Bank of Ireland has said it notified all affected customers and has rectified any inaccurate information as it pertains to the case.

In a statement the bank apologised and said it notified all impacted customers and “rectified the inaccurate information reported to the CCR in all but 20 cases, which will be corrected shortly.” It has also taken measures to improve its ongoing CCR reporting, including error management procedures and a process that enables faster correction of errors.

Bank of Ireland said it “acknowledges and sincerely apologises” for the breaches identified by the DPC and said that it had taken measures to address the failings identified.

“The bank has notified all impacted customers,” it said. “It has rectified the inaccurate information reported to the CCR in all but 20 cases which will be corrected shortly... The bank has engaged fully and proactively with the commission during its inquiry and will continue to do so as it implements these additional measures as quickly as possible.”

Irish Examiner:     Compliance Week:    Finextra:    RTE:   Infosecurity Magazine:    Oodaloop:     DataBeaches

You Might Also Read: 

EU Fines For GDPR Breaches Increase Fivefold:

 

« Cyber Security: GCHQ's Director Speaks Out
Finland Hit By Cyber Attacks »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

LockLizard

LockLizard

Locklizard provides PDF DRM software that protects PDF documents from unauthorized access and misuse. Share and sell documents securely - prevent document leakage, sharing and piracy.

Perimeter 81 / How to Select the Right ZTNA Solution

Perimeter 81 / How to Select the Right ZTNA Solution

Gartner insights into How to Select the Right ZTNA offering. Download this FREE report for a limited time only.

FT Cyber Resilience Summit: Europe

FT Cyber Resilience Summit: Europe

27 November 2024 | In-Person & Digital | 22 Bishopsgate, London. Business leaders, Innovators & Experts address evolving cybersecurity risks.

Jooble

Jooble

Jooble is a job search aggregator operating in 71 countries worldwide. We simplify the job search process by displaying active job ads from major job boards and career sites across the internet.

IT Governance

IT Governance

IT Governance is a leading global provider of information security solutions. Download our free guide and find out how ISO 27001 can help protect your organisation's information.

Kualitatem

Kualitatem

Kualitatem Inc. is an independent software testing and information systems auditing company

Kent Interdisciplinary Research Centre in Cyber Security (KirCCS) - University of Kent

Kent Interdisciplinary Research Centre in Cyber Security (KirCCS) - University of Kent

KirCCS harnesses expertise across Kent University to address current and potential cyber security challenges.

Veridify Security

Veridify Security

Veridify Security (formerly SecureRF), develops and licenses quantum-resistant, public-key security tools for the low-resource processors powering the Internet of Things.

National Cybersecurity and Communications Integration Center (NCCIC)

National Cybersecurity and Communications Integration Center (NCCIC)

NCCIC is a cyber situational awareness, incident response, and management center for the US Government, intelligence community, and law enforcement.

Calian Group

Calian Group

Calian is a diverse Canadian company offering professional services in areas including Advanced Technologies, Health, Learning and IT & Cyber Solutions.

CloudOak

CloudOak

CloudOak is a cloud channel provider for hybrid cloud Backup as a Service (BaaS), Disaster Recovery as a Service (DRaaS) and Archiving to Small to Medium Business (SMB).

GlobalPlatform

GlobalPlatform

GlobalPlatform’s specifications are highly regarded as the international standard for enabling digital services and devices to be trusted and securely managed throughout their lifecycle.

CyberSAFE Malaysia

CyberSAFE Malaysia

CyberSAFE Malaysia is an initiative to educate and enhance the awareness of the general public on the technological and social issues and risks facing internet users.

Redwall Technologies

Redwall Technologies

Redwall provides cybersecurity expertise and technology to prevent and respond to emerging threats against mobile applications and connected infrastructures.

L3Harris Technologies

L3Harris Technologies

L3Harris Technologies is a global aerospace and defense technology innovator, delivering solutions to meet mission-critical needs across air, land, sea, space and cyber domains.

Graylog

Graylog

Graylog provides answers to your team’s security, application, and IT infrastructure questions by enabling you to combine, enrich, correlate, query, and visualize all your log data in one place.

Resecurity, Inc.

Resecurity, Inc.

Resecurity is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence.

PhishProtection

PhishProtection

We created Phish Protection to prevent all types of phishing including spear phishing protection and office 365 email protection for your small business.

Artjoker

Artjoker

Artjoker is a full cycle software development partner specialized in Blockchain projects and smart contract development including full cycle information security of all projects.

SIGLA Group

SIGLA Group

SIGLA Group specialize in the design and development of IT and OT solutions, from analysis to design, from implementation to commissioning, as well as consultancy, training and assistance.

CSIRT-Gnd

CSIRT-Gnd

CSIRT-Gnd provides 24x7 Computer Security Incident Response Services to citizens, companies and government agencies in Grenada.