Klarna Confirms New Customer Data Leak
Hey FinTech Fanatic!
Klarna has confirmed a new customer data issue — but refuses to disclose the full extent of the breach.
The incident came to light after a user noticed they were seeing another person's account information, sparking wider online concern.
Klarna later acknowledged the problem in a public statement, where it calls the issue a "rare scenario" and says it is working with regulators and security partners while the investigation continues.
This episode isn't isolated, though. In 2020, users discovered that entering just an email and ZIP code on Klarna's site revealed others' addresses, birthdates, and phone numbers.
In 2024, Klarna was fined $50 million in Sweden for systemic AML failures, following a prior fine of $800,000 for violating European privacy law. A 2021 breach also exposed live account data of up to 9,500 users. The track record is concerning.
How many breaches will it take before its reputation is truly affected? Let me know what you think.
Read more FinTech news below 👇
Cheers,
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FINTECH NEWS
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PAYMENTS NEWS
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🇦🇪 Dubai adopts worldwide digital wallets for public payments. The Dubai Department of Finance is rolling this out across all government entities by the end of 2025. Residents, businesses, and tourists can all use it through the DubaiPay and DubaiNow apps.
REGTECH NEWS
🇺🇸 Klarna confirms potential customer data leak but won’t reveal extent. An error in its credit application form exposes what appears to be sensitive personal information belonging to other customers. The issue came to light when a customer noticed that several pages of their application form had been pre-filled with details apparently belonging to another user.
DIGITAL BANKING NEWS
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BLOCKCHAIN/CRYPTO NEWS
🇺🇸 Coinbase faces flak from traditional bankers on its push for a trust bank charter. A U.S. bank lobbying group petitioned the agency that issues federal banking charters, the Office of the Comptroller of the Currency, to reject Coinbase's application for a trust charter, arguing the crypto exchange falls short of requirements in several categories.
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PARTNERSHIPS
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DONEDEAL FUNDING NEWS
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M&A
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MOVERS AND SHAKERS
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