Sweden’s Klarna fined $733,000 over data protection shortcomings

By Thomson Reuters Mar 11, 2024 | 6:57 AM

COPENHAGEN (Reuters) – Swedish payments group Klarna must pay an administrative fine of 7.5 million Swedish crowns ($733,324) for violation of the EU’s General Data Protection Regulation, a Swedish court of appeal ruled on Monday.

Klarna has, among other things, not given its clients sufficient information about how it would store their personal data, the court said in a statement, adding that the information was unclear or difficult to access.

The fine by Sweden’s Administrative Court of Appeal was higher than the 6 million crowns penalty originally imposed by a lower court.

Klarna did not immediately respond to a request for comment.

($1 = 10.2274 Swedish crowns)

(Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)