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Standard Chartered Data Breach Compensation Claims Guide – How Much Compensation Can I Claim? – Amounts For Standard Chartered Data Breach
How Much Could You Claim For A Standard Chartered Data Breach
Have you fallen victim to a Standard Chartered data breach that wasn’t your fault? Has your private and personal information been compromised as a result? If you can prove that Standard Chartered’s failings were responsible for your data breach, you could be eligible for compensation for any damage that you’ve suffered.
In this article, we’ll present you with a guide on how you could make a claim for your data breach, explaining everything from how to assess whether you could be entitled to make a valid claim and how much compensation you could be entitled to as a part of it.
We’ll provide you with a comprehensive understanding of what your rights are if you’ve fallen victim to a data breach by attempting to answer some important questions that you may have, such as:
- What is data and how could it be breached?
- What does UK legislation say about data protection?
- How could the Information Commissioner’s Office (ICO) help my claim?
- How could I be compensated for different types of damage caused by my data breach?
- What should I look for when searching for the best legal support to handle my claim?
- What steps could I take to help give my claim the best chance of success?
- How could entering into a No Win No Fee agreement benefit me?
On the other hand, we have specialist advisors that are available 24/7 to answer any questions about your data breach and offer you honest advice on your situation. If you get in touch with us today, you can receive a consultation about your circumstances free of charge.
Furthermore, if you make the decision to proceed with your claim, we can refer you to one of our solicitors to handle your case on your behalf. Their years of experience and knowledge on the legal system could help win you the compensation that you deserve. What’s more, they always work on a No Win No Fee basis in attempts to ensure that you have peace of mind in making your claim. This way, you don’t have to pay them anything if they don’t win your case for you.
So, whether it’s legal advice you’re looking for or you’re interested in learning more about the services that our solicitors could provide, please don’t hesitate to get in touch today using one of the following methods below:
- Call 0800 073 8804 to speak with one of our specialist advisors
- Fill out a contact form to get a call back from us
- Email info@legalexpert.co.uk introduce us to your circumstances
- Use the chat feature at the bottom of your screen for an instant response
Select A Section
- A Guide To Data Breach Claims Against Standard Chartered
- What Is A Data Breach Claim Against Standard Chartered?
- Financial Information Protected By The GDPR
- Enforcement Taken By The ICO Or FCA
- Should I Report The Bank To The Information Commissioners’ Office
- Could I Seek Damages For Distress And Losses?
- Data Breach Civil Claim Compensation Calculator
- Dispute Resolution And Claims For Damages
- How To Take Civil Action Against Bodies Breaching Your Data Privacy
- No Win No Fee Data Breach Claims Against Standard Chartered
- Contact Us Now
- Related Services
A Guide To Data Breach Claims Against Standard Chartered
In this article, we’ll present you with a guide on how you could make a claim for a breach of your data privacy.
To provide you with a comprehensive understanding of what your rights are if you’ve fallen victim to a data breach, we’ll start this article by ensuring that you’re familiar with some key definitions that we’ll refer to throughout. This will include explaining what data is and what a data breach is characterised by.
We’ll also introduce you to some key principles of data protection practices that are enacted in EU and UK law to help you understand how Standard Chartered could possibly be liable for a data breach.
Next, we’ll outline some various ways in which a data breach could happen, including a real case study of a data breach. Following this, we’ll walk you through some of the steps that you could take in the wake of a data breach, such as contacting Standard Chartered directly to voice your concerns on the issue and reporting the incident to the Information Commissioner’s Office (ICO).
We’ll then offer you our expert advice on how you could secure the compensation that you deserve, including how to find the best legal help to handle your case and how you could benefit from entering into a No Win No Fee agreement.
As mentioned earlier, our team at Legal Expert have specialist advisors that are available 24/7 to answer any questions about your data breach and offer you honest advice on your situation. If you get in touch with us today, you can receive a consultation about your circumstances free of charge and get connected with one of our solicitors to handle your case on a No Win No Fee basis.
Limitation Periods for Data Breach Claims
Before you make any decision to pursue a Standard Chartered data breach claim, we advise you to take note of the following time limits as they could affect your eligibility for compensation:
- General data breach claims have a 6-year time limit before claimants are no longer eligible for compensation
- Data breach claims that involve some sort of human rights breach have a time limit of 1 year before claimants are no longer eligible for compensation
Under Article 33 of the GDPR, if an organisation suffers a data breach, they’re required to notify anyone whose data could be affected by it within 72 hours of becoming aware of it.
However, in many cases, data breaches aren’t discovered for long periods of time after they’ve taken place. In addition, it can take a while before the true impact of a data breach is realised. This is particularly true of data breaches in the banking and financial services industry, which can create persisting problems for victims’ credit rating, amongst other things.
If you’re wondering whether you’re eligible to make a data breach claim within the relevant time limit for your case, please get in touch with one of our specialist advisors today to receive a consultation about your circumstances free of charge.
What Is A Data Breach Claim Against Standard Chartered?
To provide you with a comprehensive understanding of what your rights are if you’ve fallen victim to a data breach, we’ll start this article by ensuring that you’re familiar with some key definitions that we’ll refer to throughout. This will include explaining what data is and what a data breach is characterised by.
In this article, we use the term data to describe pieces of personal information that have the potential to identify their subject, such as:
- Name
- Date of birth
- Home address
- Contact details
- Bank account details
In the financial context of a Standard Chartered data breach, this could commonly include customers’ bank or card details. In the case that any of this information is interacted with in an unauthorised manner, this is a security incident known as a data breach.
A data breach could involve accessing, changing, destroying or leaking your data without your permission. Whether accidental or deliberate, if a company is responsible for failing to properly protect your data then they could be held liable for their non-compliance with data protection laws.
To learn more about data protection laws that apply to UK companies like Standard Chartered, please see the section below or get in touch with one of our advisors today.
Financial Information Protected By The GDPR
In the UK, the Data Protection Act 2018 is a key piece of legislation that follows the EU’s General Data Protection Regulation (GDPR). It establishes some principles that inform how data can and can’t be interacted with, such as:
- You must consent before an organisation can interact with your data
- Purposes for data collection must be clearly outlined
- Data can only be retained for as long as is absolutely necessary
- Organisations must ensure that their data protection systems are secure
- Data must be regularly updated to ensure that it’s correct and relevant
Enforcement Taken By The ICO Or FCA
In this section, we’ll present a real case study of a banking data breach to illustrate how a Standard Chartered data breach could occur.
In 2016, Tesco Personal Finance, also known as Tesco Bank, suffered a cyberattack that left the personal information of its customers vulnerable to unauthorised access.
According to reports, the hackers took advantage of vulnerabilities in the design of the company’s debit card and financial crime monitoring systems in order to infiltrate their databases. The cyberattack continued for a period of around 48 hours, within which the culprits were able to gain over £2million.
This incident was largely avoidable, meaning Tesco Bank could have protected its customers’ personal information if it wasn’t for their failings. Their poorly designed fraud detection system and lack of necessary action taken to prevent fraudulent activity within their company left them liable for the data breach.
Following the cyberattack, Tesco Bank underwent a comprehensive review of its financial crime departments and implemented a new system to target deficiencies and vulnerabilities in their security structures.
Despite cooperating with the Financial Conduct Authority (FCA), Tesco Bank was issued a fine of over £16million for their failures to prevent the cyberattack that put its customers’ personal information at risk.
Source: www.fca.org.uk/news/press-releases/fca-fines-tesco-bank-failures-2016-cyber-attack
How A Bank Could Breach Your Data Privacy
If you’ve suffered a Standard Chartered data breach through no fault of your own, there are various reasons why this may have happened.
As demonstrated in the case study above, cyberattacks are common and have a tendency to target databases within the financial and banking sector. These incidents can be detrimental to victims’ lives, as they can create issues that won’t go away, like low credit ratings.
On the other hand, your data breach could result from human error, in which case, someone responsible for protecting your data failed to do so. Here are some examples of how this could happen:
- Your data may be missent to the wrong recipient
- Your data may be left within view of unauthorised parties
- Your data may be insecurely stored, putting it at risk of unauthorised access or accidental damage
Should I Report The Bank To The Information Commissioners’ Office
If you’ve suffered a Standard Chartered data breach, it could help your claim if you report the incident to the Information Commissioner’s Office (ICO).
The ICO is an independent organisation that regulates how organisations interact with your data and whether they do so in accordance with data protection laws. If the ICO finds that an organisation hasn’t complied with legislation, they could penalise them with fines.
However, it’s important that you’re aware of the following before you contact the ICO:
- The ICO won’t provide you with compensation, regardless of whether they find Standard Chartered to be liable for your data breach
- The ICO’s findings do not guarantee that your claim is successful
Could I Seek Damages For Distress And Losses?
As part of a possible Standard Chartered data breach claim, you’re entitled to claim compensation for two different categories of damage; material damage and non-material damage.
- Claiming material damage allows you to recover any financial losses caused by your data breach. As financial and banking data breaches can create lasting damage to things like credit ratings, the potential for future damage caused is also considered in this payout.
- Claiming non-material damage allows you to be compensated for any mental distress that you’ve experienced as a result of your data breach. Trauma caused by your privacy being breached can affect wider aspects of your life, like relationships and your ability to cope day-to-day, which will also be considered in a potential payout.
Data Breach Civil Claim Compensation Calculator
In 2015, as part of the case of Vidal-Hall and others v Google Inc, the Court of Appeal decided to award compensation for non-material damage alone, which was pioneering for data breach claims. Whereas compensation could only be awarded if material damage could be proved in the past, this now means that mental distress can be accounted for in settlements alone.
As a result, non-material damage can now be calculated in the same way that personal injury claims are, using the figures provided in the Judicial College Guidelines (JCG) as guidance. Please see the table below for some examples of how compensation for non-material damage could be valued according to the extent of suffering caused by your data breach:
| Suffering | Severity | Compensation Bracket | Details |
|---|---|---|---|
| Post-Traumatic Stress Disorder (PTSD) | Severe | £56,180 to £94,470 | Grossly disabling impacts of trauma that persist |
| Post-Traumatic Stress Disorder (PTSD) | Moderate | £7,680 to £21,730 | Persisting impacts of trauma with a good prognosis |
| Post-Traumatic Stress Disorder (PTSD) | Less severe | Up to £7,680 | Minor persisting impacts of trauma and a full recovery predicted within a 2 year period |
Dispute Resolution And Claims For Damages
As we mentioned earlier, it could help your claim if you report your Standard Chartered data breach to the ICO.
However, it could also be useful to contact Standard chartered directly to voice your concerns on the issue directly. In doing so, you could detail the various ways in which the data breach has affected you and suggest that they compensate you for your suffering.
Whether or not you receive any compensation from the company directly, their response could evidence your claim if it contains an admission of failure. If they imply wrongdoing or non-compliance with data protection laws, then this could support your claim that they’re liable for your data breach and help you secure the compensation that you deserve.
How To Take Civil Action Against Bodies Breaching Your Data Privacy
In your search for legal assistance, you may look to online reviews to find a recommended solicitor or head over to your local high street to find a law firm close to you. Alternatively, you could save yourself this hassle by simply calling Legal Expert today.
We can connect with clients wherever they are, as our solicitors can communicate remotely over the phone, post, in-person or via email depending on what you prefer. What’s more, they always work on a No Win No Fee basis so you don’t have to worry about any financial risk in making your Standard Chartered data breach claim.
If you’re interested in learning more about our services, please continue reading or get in touch with one of our advisors today.
No Win No Fee Data Breach Claims Against Standard Chartered
Did you know that entering into a No Win No Fee agreement could benefit you financially?
Whether you’re having doubts about the cost of a solicitor or you’re feeling overwhelmed by the financial losses that you’ve experienced as a result of your data beach, our solicitors aim to ease any anxieties by always working on a No Win No Fee basis.
In this way, you can have peace of mind in making your claim, so you don’t have to pay them anything if they don’t win your case for you. What’s more, there aren’t any hidden costs or upfront expenses to pay. If your solicitor does win your claim, then you’ll only pay them a small, legally-capped success fee that’s outlined in your agreement before you sign it. Therefore, there are no nasty surprises.
Contact Us Now
Our team at Legal Expert is made up of specialist advisors that are available 24/7 to answer any questions about your data breach and offer you honest advice on your situation. If you get in touch with us today, you can receive a consultation about your circumstances free of charge.
Furthermore, if you make the decision to proceed with your claim, we can refer you to one of our top solicitors to handle your case on your behalf. Their years of experience and knowledge of the legal system could help win you the compensation that you deserve.
As mentioned above, they always work on a No Win No Fee basis in attempts to ensure that you have peace of mind in making your claim, so you don’t have to pay them anything if they don’t win your case for you.
So, whether it’s legal advice you’re looking for or you’re interested in learning more about the services that our solicitors could provide, please don’t hesitate to get in touch today using one of the following methods below:
- Call 0800 073 8804 to speak with one of our specialist advisors
- Fill out a contact form to get a call back from us
- Email info@legalexpert.co.uk introduce us to your circumstances
- Use the chat feature at the bottom of your screen for an instant response
Related Services
Thank you for reading our Standard Chartered data breach claims guide. We’d hope that you’ve found the advice we provided useful and if you’d like any more information on anything that you’ve read today, please don’t hesitate to get in touch with one of our specialist advisors at Legal Expert to receive a free consultation on your situation.
To finish, we’ve left you with some additional resources below that may be of use to you.
Our alternative claims guides:
- Professional negligence claims – our guide to making a claim for professional negligence.
- Claim Time Limits – our guide to claim time limits.
- No Win No Fee services – our guide to No Win No Fee services.
- Redditch Borough Council Data Breach
- Regents University London Data Breach
- Robert Gordon University Data Breach
- Roehampton University Data Breach
- Royal Agricultural University Data Breach
- Royal Free Hospital Data Breach
- Rugby Borough Council Data Breach
- Salford City Council Data Breach
- Scarborough Borough Council Data Breach
- Solent University Data Breach
- South Tyneside Council Data Breach
- Southampton City Council Data Breach
- Southend-on-Sea Borough Council Data Breach
- Spire Healthcare Data Breach
- St Albans Council Data Breach
- St Marys University Twickenham Data Breach
- Staffordshire University Data Breach
- My Personal Data Has Been Lost After a Breach, What Are My Rights?
- Sutton Coldfield Council Data Breach
- Swindon Borough Council Data Breach
- School Data Breach Compensation Claims
Extra resources:
- What information do companies have on me? – official government advice on how you can see what information companies hold on you.
- Report a data breach – step by step guide on how you can report a data breach to the Information Commissioner’s Office (ICO).
Guide by Mavers
Edited by Billing
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