Cybercriminals are becoming increasingly sophisticated, and they are keen to exploit any weaknesses as they attempt to get at our personal and financial information.
But, if an organisation does everything possible to protect your data and has robust security processes and procedures, it is unlikely that an attack would be successful.
Nevertheless, too many organisations fail to take their data privacy responsibilities seriously. And, until they do, financial data breaches will continue to rise, with cybercriminals, human error, and poor data management/security responsible.
All kinds of organisations are experiencing financial data breaches. This includes:
Keller Lenkner UK has gained an enviable reputation in data breach law. And, with a team of data breach experts led by Kingsley Hayes – arguably the UK’s foremost data breach solicitor – and considerable expertise in this field, it’s easy to see why. Here are just some examples of the financial cases our data protection lawyers have dealt with…
Neil lost £220k in the GateHub data breach. The theft was made possible as GateHub’s cybersecurity was deeply flawed on multiple levels.
Find out what happened in this case, and how to claim compensation from GateHub if you were impacted by this data hack.
Criminals targeted Stephen’s gym in a cyber-attack. As a result of the attack, his personal and financial data was breached. This included his bank account information (account number and sort code).
Whilst he has not yet been the victim of financial theft, Stephen is now at a greater risk of fraud, theft, and scams, and his emotional health has suffered as a result.
We are helping Stephen claim compensation for the distress and data privacy suffered because of this breach.
Marijke took out credit from a reputable online provider. Cybercriminals targeted the company, and her personal data was accessed by the hackers.
As well as her name and contact details, the cybercriminals also got hold of her credit report information. Marijke is now a potential target for fraud and theft, and this has caused her significant emotional distress.
We are helping Marijke claim compensation for the distress and data privacy suffered because of this breach.
*Names have been changed to protect client confidentiality.
In some cases, you won’t be the only person to experience an organisation’s data breach. In these instances, it might be worth joining a group action. Our current finance actions include:
In August 2019, over 750 annual benefit statements were sent to the wrong postal addresses. These statements were for police officers of Sussex Police.
Equiniti, a company that provides support, communications and technology platforms to help manage company pensions, was responsible for distributing these statements.
As well as data breaches, there has been a rise in specific types of financial cyber-fraud. This includes:
Keller Lenkner UK has launched a group action against LOQBOX. Group actions can be a powerful tool and can have a bigger impact than a single claim.
If you have experienced scams and phishing attempts since the breach, and you suspect that the criminals are using your Equifax data, it is worth checking to find out. All you have to do is to ask Equifax if you were involved. Keller Lenkner can make a data request to find this out for you.
The only way to get Equifax data breach compensation is to make a claim. And, with this case now underway, you should find out if you can claim to ensure you do not miss out on any compensation owed.
The fact that the Equifax data breach happened under old data protection laws has proved to be fortuitous for the company. Not least because Equifax did not have to adhere to newer more stringent consumer rights guidelines.
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.