Category: Data Breach Compensation
Does the British Airways data breach fine mean compensation for victims?
The provisional £183m British Airways data breach fine means that the airline is set to be severely punished for the 2018 cyber-attacks that took place.
Fines can be levied at up to 4% of a company’s global annual turnover, and in the BA case, the fine is understood to equate to 1.5% of their 2017 turnover.
The financial penalties that can be issued under GDPR are far higher than what they used to be under its predecessor, the Data Protection Act. But what about compensation for the hundreds of thousands of victims whose information was compromised?
BA data breach fine of £183m sets new record
The BA data breach fine that’s set to be issued in the sum of £183m will be a record high since GDPR was put into legislation in May 2018.
In accordance with the new rules, GDPR fines can amount to 4% of a company’s global annual turnover. In the case of British Airways, their fine of £183m is understood to be 1.5% of their 2017 global annual turnover.
The fact that the fine is set to be so high reflects just how serious the 2018 data breaches incidents were. The British Airways compensation action is one of the over 40 different group and multi-party actions our lawyers are representing people in. You can sign-up to start a claim now on a No Win, No Fee basis here.
Thousands more affected by the TalkTalk data breach
The information for thousands more victims of the 2015 TalkTalk data breach incident have been found online as the number of victims expands.
We’re representing a group of victims who are claiming for data breach compensation who were affected by the TalkTalk hack of 2015. This is one of the over 40 different group and multi-party actions we’re fighting for justice in on a No Win, No Fee basis.
If you are one of the additional 4,545 victims of the incident, or if you were notified previously and you’ve yet to start your case, make sure you contact us ASAP.