Banking data breach compensation advice

We may be able to offer you a No Win, No Fee arrangement for a banking data breach compensation claim.

The risks of falling victim to a banking data breach are obvious. With so much ease of access to our finances, it can be simple for hackers and criminals to exploit the ease of access to steal money directly from accounts.

Although you have a duty to ensure that you’re vigilant to avoid giving information to hackers, there are ways criminal can get hold of information and use it against you. If your information has been leaked, breached or hacked, you may be eligible to make a claim for data breach compensation if a bank is responsible.

When can you make a banking data breach compensation claim?

You may be able to make a banking data breach compensation claim if a bank is responsible for an incident. You may be able to make a legal case for the distress of personal information being exposed, and for any financial losses incurred.

It’s important for you to know that you don’t have to have suffered a financial loss to be able to claim. The distress alone for the exposure and loss of control of information can be enough for a claim. Data breach compensation amounts reflect the severity of the distress that can be caused.

Ultimately, if a bank was responsible for the breach, you may be able to make a claim.

Case examples

We represent a number of people who are claiming compensation as a victim of a banking data breach. Although we can’t go into the details of individual cases, we can tell you about some examples of scenarios where we may be able to help you.

These can include:

• Data leaked by your bank to someone else (perhaps an accidental email or sending information to a wrong / old address);
• Information revealed to someone who knows you by the bank;
• Employees of a bank snooping on your information (usually it’s someone who knows you);
• Bank servers being hacked (the big Tesco bank data breach is one example of this).

There are other ways that a bank account could be compromised where the bank isn’t at fault, but someone else is. Debit and credit card skimming can lead to your account being compromised, and the source of the skimming (perhaps a shop or a hotel) can be held responsible.

SIM swap scams are also a problem at the moment. If your network provider fails to adhere to data protection rules and allows a criminal to takeover your SIM, the fraudster can then use your bank’s text security / recovery processes to get into your account.

Want to know more? Free, no-obligation advice

We’re happy to offer you free, no-obligation advice if you’ve been the victim of a banking data breach.

We may be able to offer you No Win, No Fee representation.

Our office is usually open seven days a week and until 10pm on most weeknights.

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