Nordnet could face penalty payment of millions over technical incident
- Nordnet must report to authorities how customers accessed others' personal details within 72 hours of the incident discovery, according to Pihamaa.
- The incident affected Nordnet's 630,000 customers in Finland, and users reported being able to submit market orders on behalf of others, as stated in media reports.
- The Deputy Data Protection Ombudsman stated the incident could lead to significant penalties or reprimands for Nordnet, highlighting a serious security breach.
- Authorities in Sweden are investigating the incident, and potential repercussions may include penalties or compliance orders, as mentioned by Pihamaa.
12 Articles
12 Articles
A Nordnet customer had an order placed on someone else's account on Tuesday when the investment platform was hit by a security flaw.
Earlier in the day, the investment platform Nordnet experienced a security breach that allowed customers to access other customers' accounts.
According to the bank, the problem was not caused by an external influence.
The investment service outage that lasted for hours is over. Information security expert Petteri Järvinen urges Nordnet customers to check their accounts.
The first reports of security problems on Nordnet's website and app came at 11:10 a.m. Tuesday morning.
Nordnet shuts down after customers access wrong accounts
Investment platform Nordnet has temporarily shut down its website and mobile app after customers reported being able to access other users' accounts. The company confirmed the issue on Monday, stating that it took immediate action as a precaution. "We take these reports seriously and are investigating the problem," said Johan Tidestad, Nordnet’s Head of Communications, in an interview with Helsingin Sanomat.
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