And they will reveal their scoring/risk algorithm to you?Originally Posted by pipster
| + Visit Cardiff FC for Latest News, Transfer Gossip, Fixtures and Match Results |
And they will reveal their scoring/risk algorithm to you?
No but they tend to use things like chexsystem when you initially apply. You as an individual can also request the same the report. They dont check which way you have voted etc - especially as banks likes Coutts deal with a lot of overseas clientele.
Post successful application - if they want to 'exit' you - they need to give a reason (IIRC). In these case they made up some BS, SAR went in - and they had to reveal all the internal comms they had on him. Which from what Ive seen looks libellous.
It wont be Farrage that does for them - it will be the ICO - in my opinion.
Next one up on the block before tomorrows board meeting is Peter Flavel - Head of Coutts - now resigned.
I think Howard Davies will probably be next - head of Governance I think.
They think by resigning that is the end of it - it isnt - ICO havent started yet - they are going to have a field day with Coutts / Nat West and their board, max fine 7% of global turnover.
Doesn't the state, the UK government on behalf of UK citizens, still own nearly 40% of Nat West?
I don't understand the range of powers of the ICO to fine organisations for data breaches, but wouldn't what you are suggesting be one arm of government partly fining another arm of government? Has that happened before?
From the ICO:
For serious breaches of the data protection principles, we have the power to issue fines of up to Ł17.5 million or 4% of your annual worldwide turnover, whichever is higher. In line with our regulatory action policy, we take a risk-based approach to enforcement.
4% for GDPR - I thought they could fine more for other issues (IIRC - anyways)
From memory - DWP have been fined as well as other Gov depts - it matters not who they are - it applies to all.
In NatWest case - we are the largest shareholder - so we are just a shareholder not an owner or data controller or data user. The book will be thrown at them - in my opinion.
You are acting like this is the first data protection breach ever.
Erm no Im not - but this one is particularly interesting. Coutts and other banks have been doing this for a while it seems - to any one they deem not to like.
There will be thousands of SAR requests going to the top 5 banks from people who have had their accounts closed and also just to find out what personal information the bank holds.
So - no dramas from me - just more than a passing interest in the subject - if that's ok with your good self obviously ?
Posting Permissions
Reply With Quote