Threat Intel - Aktia Bank has been fined 865,000 euros for neglecting cybersecurity

Aktia Bank has been fined 865,000 euros for neglecting cybersecurity. The penalty stems from an incident two years ago where a disruption in the bank’s electronic identification service allowed some customers to view other customers' personal information when logging into services requiring strong authentication. This included government and healthcare services. It was also possible to conduct transactions under another customer’s name, although logging into Aktia’s online bank itself was not affected. The Data Protection Ombudsman’s office reported the decision. This incident highlights ongoing concerns about data security in financial institutions, with other banks like S-Pankki and Nordea also experiencing system disruptions and security issues in the past. The article also links to related stories about digital scams and other data breaches, emphasizing the pervasive nature of cybersecurity threats.