Europe’s largest fintech comes from Sweden. (Photo: Ascannio / Shutterstock)
After the massive data leak around two months ago, the Swedish Financial Supervisory Authority (FSA) is now intervening. After logging in, some users are said to have had access to third-party data for 30 minutes. The authority is now determining whether the fintech company Klarna has violated banking secrecy, as reported by Reuters.
In the homeland of Europe’s most valuable unicorn, one wonders how such a drastic data breach could so easily come about. The control authority is now investigating the case and examining the legal consequences. The company itself is playing with open cards: they have already expected the investigation and are cooperating fully, according to the company’s headquarters. Klarna emphasizes that card data was not part of the information that other users could see.
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Data protection investigation number 2
The financial inspectors announced that they are adding the new investigation to an ongoing investigation. In March, the FSA announced that it would generally examine Klarna’s processes for dealing with data protection and cybersecurity risks.
