The Central Bank of Ireland headquarters in North Wall Quay, Dublin. The regulator has given more details on a data breach earlier this year involving the Central Credit Register.
It blamed a “technical error” for not deleting information for May, June and July 2018 immediately after five years. Consequently, it was included in any credit reports issued to lenders and borrowers between June 1st and August 7th this year. The excess data did not have any bearing on 30,963 of the credit inquires, the regulator said, after “extensive engagement with 270 lenders to determine whether, and if so how, the additional credit information influenced their credit decisions”.
“A phased communication process is under way and the Central Bank has written to those identified as being at highest risk of being impacted by the error. All borrowers associated with applications where lenders have confirmed that the excess data influenced their credit decisions have been contacted,” the authority said.
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