SIC confirms fine against CIFIN for including non-financial information in users' credit records

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The Superintendence of Industry and Commerce (SIC), in its role as National Authority for Data Protection, confirmed a fine of $702 million pesos against the Central of Financial Information (CIFIN), for having included information that was not of a financial nature in the record of 288.753 Colombians users.

Although the company appealed the decision, the Superintendence of Industry and Commerce reiterated that CIFIN is an "operator of data banks of financial, credit, commercial, services and information from third countries" that had irresponsibly included sensitive information such as the "suspension of political rights" of users, despite of continuous warnings from the Constitutional Court of Colombia.

As a result of the foregoing, CIFIN must pay the fine imposed and, in addition, delete unrelated information from the credit history of all its users, such as the suspension of political rights.

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