Data Protection

Central Bank faces historic fine for major GDPR breach

Data Protection Commission launches formal investigation into disclosure of personal data

Senior industry sources said the Data Protection Commission’s investigation into the Central Bank could culminate in one of the biggest fines ever levied against a public sector body for a data contravention. Picture: Fergal Phillips

The Central Bank is facing one of the biggest fines ever imposed on a public body for holding information on thousands of borrowers for longer than the law allows, the Business Post understands.

Industry sources have told the Business Post that the breach – as a result of which the credit histories of at least 20,000 people were viewed by lenders when they were meant to have been deleted – would likely be treated very ...