Italy fines Intesa Sanpaolo 18 million euros for illicit processing of customer data

MILAN, March 12 (Reuters) - Italy's data protection authority said on Thursday it had ‌fined Italy's biggest bank Intesa ‌Sanpaolo 17.6 million euros for illicit processing of data ​of around 2.4 million customers the bank unilaterally moved to its digital unit Isybank. Intesa had no immediate comment. The watchdog said the ‌bank profiled clients ⁠according to factors such as being under 65 years old, the ⁠frequency of their digital-channel use, and their investment products and financial holdings. Th ...