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Italy Fines Intesa Sanpaolo 18 Mln Euros for Illicit Processing of ...

Summary by PressNewsAgency
MILAN, March 12 : Italy’s data protection authority said on Thursday it had fined Italy’s biggest bank Intesa Sanpaolo 17.6 million euros for illicit processing of data of around 2.4 million customers the bank unilaterally moved to its digital unit Isybank. Intesa had no immediate comment. The watchdog said the bank profiled clients according to factors such as being under 65 years old, the frequency of their digital-channel use, and their inves…

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The penalty, of 17,6 million euros, is for having treated in unlawful way the data of the customers in automatic transfer of their accounts

·Italy
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It was announced by the same Authority, which with this measure closes a complex investigation, initiated following numerous reports

TURIN – The Italian Data Protection Authority has fined Intesa Sanpaolo €17.628 million for the way it handled the personal data of approximately 2.4 million customers transferred to the digital bank Isybank. The measure concludes a complex investigation launched following numerous complaints from account holders, who had complained about unclear procedures in migrating their accounts to the group's new digital platform. How the customers were c…

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Reuters broke the news in United Kingdom on Thursday, March 12, 2026.
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