Like traditional money, cryptocurrencies can be used to buy goods and services, and they can be traded for profit. So it is no surprise that the cryptocurrency market is being targeted by criminals.
With the equivalent of millions of pounds being stolen from cryptocurrency holdings each year, this is a very lucrative market.
A serious crime, the worry caused by cryptocurrency fraud can be significant. Some victims experience emotional stress and distress, and existing mental health conditions can be exacerbated. So, even if you get your money back, the impact of cryptocurrency fraud can be devastating.
At Keller Lenkner UK, our data breach lawyers help people to make successful cryptocurrency fraud claims to compensate for their loss and distress. Where enough people come forward, we do this by launching a group action case.
START A NO-WIN, NO-FEE CRYPTOCURRENCY FRAUD CLAIM WITH OUR EXPERIENCED CYBERCRIME LAWYERS.
Despite what many people believe, it is possible to recover from cryptocurrency crimes.
How to get your money back following a cryptocurrency scam
Cryptocurrency fraud sometimes happens after a data breach. Criminals use the data exposed in breaches (often usernames and passwords) to access a person’s online accounts. This is possible as people often use the same login details for multiple accounts.
Stolen data is easy to buy on the dark web, so if you are the victim of a data privacy violation, it is quite likely that different criminals could be trying to use your data against you.
IF YOU ARE THE VICTIM OF A CRYPTOCURRENCY SCAM BECAUSE OF POOR DATA PROTECTION PROCESSES, WE CAN HELP YOU TO CLAIM COMPENSATION FROM THE ORGANISATION RESPONSIBLE.
While each case is judged on its own merits, there are some things we would typically look for when it comes to when claiming compensation following a data breach, cybercrime or other GDPR violation:
With stolen data, cybercriminals can make purchases using your bank and credit cards, apply for credit in your name, set up fraudulent bank accounts and access your existing online accounts.
GDPR failures, cybercrime and data breaches can have a significant impact on you, both mentally and physically. They can cause or exacerbate anxiety, stress and other psychological conditions.
In many cases, data hacks and cyber-attacks happen because of a failure to implement reasonable and robust processes. Often because of the cost needed to do this.
But, by not putting adequate processes and training in place, organisations are leaving customers open to an increased risk of cyber scams and avoidable mistakes that lead to data breaches.
See our answers to the FAQs we get asked about cryptocurrency fraud.
Cyber-attacks and data breaches are likely to become more frequent, as businesses have underestimated the impact the pandemic has had on their vulnerability. That’s according to a recent report.
Cyber incidents as a result of ransomware are rising at an alarming rate according to figures published by the Information Commissioner’s Office (ICO). The number
Kingsley Hayes, Head of Data Breach, discusses the increasing frequency and severity of ransomware attacks, in Fraud Intelligence. Kingsley’s article was published in Fraud Intelligence, 21 July 2021.
Keller Lenkner UK has been shortlisted at The British Legal Awards 2021 in the ‘Independent Law Firm of the Year’ and ‘Strategic Legal Operations Team of the Year’ categories. We have also been shortlisted for the ‘Disputes Boutique Firm of the Year’ award at this year’s The Lawyer Awards.
