Swedish appeals court upholds Klarna's SEK7.5m GDPR fine

11/03/2024 | Reuters

Swedish payments company Klarna has been ordered by the Swedish court of appeal to pay a fine of 7.5 million crowns (£571,391) for violating the EU General Data Protection Regulation (GDPR). The court ruled that Klarna did not provide sufficient information to its users about how their personal data would be stored. The privacy notes used by Klarna between March and June 2020 were unclear and difficult to access, according to the court's statement. Klarna has since updated its privacy notes, as confirmed in an earlier statement by the company. Klarna is a financial services company that offers buy now, pay later services.

In reaching its decision, the court of appeal raised the monetary penalty back to the original amount issued by the Swedish Data Protection Agency (SDPA) after a lower court reduced the fine to 6 million crowns (£457,113).

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