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⍰ ASK What is the role of the (ICO) in electronic banking privacy in the UK?

There is this important group called the Information Commissioner's Office (ICO). They're like the guardians of privacy in electronic banking. Their main job is to watch over how banks handle your personal info, making sure they follow the rules, especially the GDPR.

The ICO sets up guidelines for keeping your data safe in electronic banking systems like how it's processed, stored, and sent. They keep an eye on how banks get your okay for using your info, making sure everything is clear and accountable.

If there's ever a mess-up or a breach in electronic banking, the ICO steps in to investigate and sort things out, making sure your data stays safe.
 

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