Proceedings of the 2nd International Conference Changing of Business Law (ICOCLB 2024)

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Banking Industry Customer Data Leakage: Where is the Principle of Bank Prudence and Confidentiality?

Authors
Dwi Ratna Indri Hapsari1, *, Nur Putri Hidayah1, Isdian Anggraeny1
1Faculty of Law, Universitas Muhammadiyah Malang, Malang, Indonesia
*Corresponding author. Email: dwiratna@umm.ac.id
Corresponding Author
Dwi Ratna Indri Hapsari
Available Online 11 February 2025.
DOI
10.2991/978-2-38476-356-6_15How to use a DOI?
Keywords
leakage of customer data; bank prudence principle; bank confidentiality principle
Abstract

In the current era of technology advancements permeating nearly every aspect of life, personal data is an asset that, with the correct knowledge, can be transferred without rights for both legitimate purposes and illegal purposes. The banking sector is now dealing with a number of issues related to client data leaks. The purpose of this article is to investigate the concepts of bank secrecy and prudence in the event that client data from the banking sector is compromised. This paper employs a kind of normative research that combines a conceptual and legislative approach. In order to address the set of concerns, primary and secondary legal sources are gathered and qualitative analysis techniques are applied. The findings and discussion revealed that, according to current regulations, the bank confidentiality principle offers customers who are outraged about the leak of their personal data both preventive and repressive legal protection, while the bank prudential principle has only been applied in favor of bank interests thus far.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2nd International Conference Changing of Business Law (ICOCLB 2024)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
11 February 2025
ISBN
978-2-38476-356-6
ISSN
2352-5398
DOI
10.2991/978-2-38476-356-6_15How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Dwi Ratna Indri Hapsari
AU  - Nur Putri Hidayah
AU  - Isdian Anggraeny
PY  - 2025
DA  - 2025/02/11
TI  - Banking Industry Customer Data Leakage: Where is the Principle of Bank Prudence and Confidentiality?
BT  - Proceedings of the 2nd International Conference Changing of Business Law (ICOCLB 2024)
PB  - Atlantis Press
SP  - 125
EP  - 133
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-356-6_15
DO  - 10.2991/978-2-38476-356-6_15
ID  - Hapsari2025
ER  -