Danske Bank Questioned Over Data Protection Compliance
Law360, London (December 22, 2020, 3:36 PM GMT) -- Danske Bank said on Tuesday that Denmark's privacy authority has urged it to provide information about a potential breach of data protection rules after the lender admitted it had stored customer information for longer than it should have.
Danske Bank A/S said it has alerted the Danish Data Protection Agency that it retained information about some account-holders for "longer than necessary" when it was investigating errors linked to its IT system that collected outdated or excessive debt from customers.
The move could be a breach of the EU's General Data Protection Regulation, or GDPR.
The EU rules, which came in force in...
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