ICO quizzes Lloyds over pay data |
| The Information Commissioner's Office (ICO) is investigating Lloyds Banking Group for a potential data privacy breach involving 30,000 staff accounts. The bank accessed aggregated financial data during pay negotiations, raising concerns about consent. If the ICO identifies a breach, it could launch a full investigation and, if found guilty, Lloyds could face fines of up to £1.36bn, based on its 2024 earnings. Accord, a staff union, said Lloyds has assured it that the information was fully aggregated, with no individual information reviewed by negotiators. An Accord spokesperson said: "We need an independent assessment to review what took place and if anything untoward was found to have been done, to ensure it never happens again." |
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