Fraudsters stealing millions following data breaches

Data exposure can cause severe stress and anxiety to those affected, and it can also have a material impact. Many people may not be aware of just how close the cause-and-effect relationship between data breaches and online fraud can be. In fact, there are fraudsters stealing millions every year with the help of stolen information.

Due to the developments of the digital age, technology can now provide a means for fraudsters to expand their practices and develop more sophisticated ways of stealing from victims. Their greatest asset is arguably the wealth of data stores kept by many modern businesses, who take extensive personal details from their employees and customers. If the security of this information becomes compromised in any way, it could equip fraudsters with personal details that allow them to easily and effectively target their victims.

Your Lawyers, as leading, specialist Data Leak Lawyers, has represented many clients who have fallen victim to fraud in the wake of data breaches. If you have been impacted in this way, you may be eligible to claim compensation from those who exposed your information to misuse. Simply contact our team for more information on your potential claim.

Fraudsters stealing millions using exposed personal data

As explained above, there can be a close connection between data exposure and fraud. When a third-party organisation breaches data protection law by failing to safeguard personal information, it can become vulnerable to misuse. Hackers could be more likely to be able to gain access to data that has been compromised by poor cybersecurity, meaning that the negligence of data controllers could be responsible for the fraud to which victims subsequently fall prey.

The cumulative effect of large-scale data breaches can lead to fraudsters stealing millions from victims’ accounts. For example, a significant number of victims of the British Airways data breach reported being targeted by fraudsters after their bank details were exposed. Some had their accounts suspended while they were on holiday after attempts were made to steal thousands of pounds from them.

In fact, fraudsters do not even have to have access to your bank account information to take aim at you. Instead, they could use stolen contact details to target you with phishing emails and scam calls, via which they could aim to trick you into handing over your bank details or pay money directly to them.

Claiming compensation for fraud

If you have suffered fraud as a direct result of a data breach, you may be able to make a compensation claim. This may be because the data controller that exposed your information could be deemed liable for any losses that you have suffered. Data breaches can lead to fraudsters stealing millions from their victims, so you are not alone.

As part of your claim, you could be reimbursed for any financial losses you have experienced as a result of fraud, and you could also recover compensation for any distress you have faced as a consequence.

Make your data breach claim

With fraudsters stealing millions from people year on year, and many criminals using stolen data to carry out their crimes, it is vital that victims take action against third parties who have compromised their privacy.

If you are among those that have suffered losses due to data breaches, do not hesitate to contact us for free, no-obligation advice.

Our team has years of experience in data breach claims, and we are involved in some of the biggest data group actions in the country, including those against Virgin Media, British Airways, and Equifax. We can even offer No Win, No Fee representation to eligible claimants, so there should be nothing stopping you from making a claim.

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