South Africa's FNB Fined R1 Million for POPIA Data Violation

South Africa's information regulator has issued First National Bank with a R1 million fine for a data protection violation under the Protection of Personal Information Act, following an exposure of customer data through its app. The penalty is being described as the first major POPIA enforcement action against a big-four South African bank, setting a concrete data compliance benchmark for fintechs and financial institutions operating in the market.