ICO statement on banks sharing and gathering personal information

- Concern at banks sharing personal information with media

Metadata
Provider: 
ICOICO
URL: 
https://ico.org.uk/about-the-ico/media-centre/news-and-blogs/2023/07/ico-statement-on-banks-sharing-and-gathering-personal-information/https://ico.org.uk/about-the-ico/media-centre/news-and-blogs/2023/07/ico-statement-on-banks-sharing-and-gathering-personal-information/
Retrieved on: 
Wednesday, July 26, 2023
Information
Tags: 
Freedom, HM Treasury, UK Finance, BBC, Financial Conduct Authority, Environmental Information Regulations 2004, EIR, Telephone, Suggestion, ICO, Privacy, Data wrangling, Confidentiality, Person, DPA, Complaint, Information, PECR, FOIA, Telecommunications, Freedom of Information Act 2000, NatWest, United Kingdom, UK, Privacy and Electronic Communications (EC Directive) Regulations 2003, Concern, Cryptocurrency, Ridesharing
Summary
Key Points: 
  • - Concern at banks sharing personal information with media
    - ICO writes to banks around information held on customers
    - ‘Farage’s experience shows why data protection rights are so important’
    Following media reports of NatWest Bank sharing personal financial information about Nigel Farage with the BBC, Information Commissioner John Edwards said:
    “The banking duty of confidentiality is over a hundred years old, and it is clear that it would not permit the discussion of a customer’s personal information with the media.
  • “We trust banks with our money and with our personal information.
  • Banks should not be holding inaccurate information, they should not be using information in a way that is unduly unexpected, and they should not be holding any more information than is necessary.
  • - The ICO can take action to address and change the behaviour of organisations and individuals that collect, use, and keep personal information.
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