Irish Credit Bureau DAC

Description

The Irish DPA (DPC) has imposed a fine of EUR 90,000 on Irish Credit Bureau (ICB). The fine follows a data breach reported by the controller to the DPA on August 31, 2018. The controller is a credit reporting agency that maintains a database of credit contract performance between financial institutions and borrowers. The data breach occurred when the controller made a code change to its database that contained a technical error. As a result, between June 28, 2018 and August 30, 2018, the ICB database inaccurately updated the records of 15,120 closed accounts. The controller disclosed 1,062 inaccurate account records to financial institutions or affected individuals before the issue was resolved.