Brief: Administrative Fine Imposed On Verkkokauppa.com

Verkkokauppa.com Oyj

18/03/2024 07:50

March 18 (Reuters) - Verkkokauppa.com Oyj  VERK.HE :
    * SAID ON FRIDAY IT HAS BEEN INFORMED OFFICE OF DATA
PROTECTION
OMBUDSMAN'S SANCTIONS BOARD HAS IMPOSED ADMINISTRATIVE FINE OF
856,000 EUROS ON CO
    * FINE IS BASED ON INTERPRETATION THAT CO WOULD HAVE FAILED
TO
SPECIFY RETENTION PERIOD FOR ONLINE STORE'S CUSTOMER DATA IN
COMPLIANCE WITH EU GENERAL DATA PROTECTION REGULATION
    * WILL APPEAL DECISION TO ADMINISTRATIVE COURT
    * DECISION IS NOT LEGALLY BINDING

        
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