French DPA adopts new single authorisation on fraud prevention systems

The French data protection authority (CNIL) has just adopted Single Authorization No. AU-054 (the “AU-054”) on July 13, 2017 in order to cover the processing of personal data implemented in relation to these fraud prevention/detection systems. The new AU-054 provides a blanket authorization for entities processing personal data for purposes related to the prevention/detection of external fraud in the banking and financial sector assuming they adhere to a strict set of conditions set forth by the CNIL, the most significant of which are summarized below.

Source: FRANCE: CNIL ADOPTS NEW SINGLE AUTHORIZATION ON FRAUD PREVENTION SYSTEMS | Privacy Matters