8/3/2023 0 Comments Equifax breach settlement 2022In this case when the ICO investigated Equifax and issued their fine they found that although the information systems in the US were compromised, Equifax Ltd was responsible for the personal information of its UK customers. This means those affected are entitled to compensation for the stress, frustration, and anxiety associated with the breach. Data regulations mean that you have a right to compensation for non-material damage. As a result, this will usually prompt them to take the necessary steps to boost their data security measures to ensure that such a breach cannot occur again. Bringing a data breach claim not only gets you access to compensation, but also holds a company or organisation to account for their actions. When data protection standards have fallen short, and in this case a hack has enabled unauthorised access to your personal data, you can make an Equifax claim for compensation. While any compensation is unrelated to the actual amount of the fine, the fact that they were given a penalty greatly enhances the prospect of a successful Equifax data breach compensation claim.Ĭustomers have the right to expect that any personal or financial data that they have shared with an organisation, such as Equifax, is securely stored and handled. The ICO in tandem with the Financial Conduct Authority discovered multiple failures at Equifax which led to personal information being retained for longer than is necessary and left vulnerable to unauthorised access. The exposure of sensitive data – typically used by the company when carrying out credit checks – could be considered a serious breach and one for which compensation could be significant. Even if the breach has not led to any direct financial losses to you, you are still entitled to claim compensation for distress caused by the data breach. We can put you in touch with expert data breach solicitors who are putting together a group claim whereby the large number of Equifax customers can be part of a collective claim for Equifax data breach compensation. Anyone affected by the breach would have received a letter from Equifax informing them of the breach, though it is possible that you did not receive the notification and could still be able to claim, especially given that the company admitted later that many more may have been affected. As a result of the cyber incident, which was announced in September 2017, those affected are eligible to make an Equifax data breach claim for compensation.
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