Jusletter IT

The processing of personal data for the purpose of assessing the creditworthiness and the credit default risk affects consumers in particular. At the same time, the technological development in recent years has produced a large number of powerful tools that perform extensive automation of data collection and analysis which led to an enormous increase in risks for a various number of people. The EU General Data Protection Regulation brought a single scheme for automated individual decision-making (profiling). The article is intended to take account of the current legal situation in Austria under a legal development perspective (EU General Data Protection Regulation).