Enforcement
EN NAGA Markets Europe Ltd: Insufficient technical and organisational measures to ensure information security
€9,000 fine - Cypriot Data Protection Commissioner
Content
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.
GDPR Articles: Art. 5 (1) f) GDPR, Art. 32 (1) b), d) GDPR
Industry: Finance, Insurance and Consulting