Finance sector data breaches – claim compensation

Finance sector data breaches can cause considerable distress and can put victims at risk of fraud and theft. Anyone affected by a privacy incident like this could be entitled to claim compensation now.

If we consider that there is case to answer, we may be able to offer to represent you for legal case on a No Win, No Fee basis. This means that we can write off our legal fees if the claim does not succeed, subject to the agreed terms and conditions in place.

All you need to do is contact our specialist team here now for free, no-obligation advice to find out if you are eligible start a claim today.

Dangers of finance sector data breaches

The dangers of finance sector data breaches can be substantial, with this industry being a particular target for cyberattacks. The sector has long been a target given the nature of the information that hackers could steal and misuse, and it should be accepted as an inevitable threat that businesses in this industry will likely face attempted attacks.

The coronavirus pandemic did not help the threat of cyberattacks in this industry, which was the case for many sectors. Hackers exploited uncertainty and vulnerabilities during this period, and the risks were considerable.

Whether it is business information that hackers are targeting, or swathes of customer finance data, the impact for anyone affected could be substantial. Businesses in this industry must make sure to have robust internal procedures in place and hire employees to help to protect the data that they store and process. They must also make sure to outsource to experts where necessary to ensure that they are as protected as best as they can be.

It is vital to protect sensitive financial information like this as it can put people at risk of fraud and theft when exposed. Even where the risks of fraud and theft can be mitigated, the mere threat that can be associated with such information being exposed can cause huge distress to victims.

What victims can do

Victims of finance sector data breaches could be entitled to claim privacy breach compensation now on a No Win, No Fee basis with our leading team of experts. Anyone who has lost control of their personal financial information could be entitled to claim compensation for the distress caused by this.

You may be able to claim compensation for losses and expenses, and this can include problems such as theft of money or falling victim to fraud. However, you do not have to have suffered any actual losses or expenses to be able to claim, as the distress alone can be a factor that is substantial enough for you to pursue a case on this basis.

The GDPR can allow you to claim distress compensation and we often measure distress based on things such as the nature of the information affected and how this has impacted the victim. We categorise financial information as the kind of data that can cause considerable distress because of the sensitive nature of it.

GDPR breach compensation claims

Claiming GDPR breach compensation for finance sector data breaches, or for any other kind of privacy incident, is easy with Your Lawyers – The Data Leak Lawyers.

We can do all the legwork for you and we can even represent you on a No Win, No Fee basis as part of our commitment to access to justice. All you need to do is contact our team here now for free, no-obligation advice.

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