Claiming compensation for payment card fraud

Payment card fraud is one of the major risks that can be associated with a data breach, and you can factor this into a claim for compensation, even if you have not lost any money.

For eligible clients, we can pursue a privacy claim for damages for you on a No Win, No Fee basis, and you can discuss your circumstances with our legal team here now to find out if we can help you today.

Data breach claims and payment card fraud

Payment card fraud is one of the issues that can arise after a data breach, and this element can be incorporated into a privacy claim for compensation using the GDPR to recover damages. In most cases, people will pursue a claim for data breach compensation for any distress caused by the loss of control of their personal information. This distress can be significant, and can be measured based on factors such as the nature of the information involved, how much is affected, and the personal impact on you. As such, even the risk of payment card fraud if your banking details have been exposed can be enough to pursue a claim, even where you have not lost any money at all. Most data breach claims are for distress alone, and can be settled for thousands of pounds

If, however, you have lost money as a result of payment card fraud, this can be factored into a claim in addition to any distress you have suffered from. Because you can claim for just the distress alone, even if you have had money refunded from your bank as a result of any payment card fraud, you can still be eligible to pursue a case.

Ultimately, it is not nice to know that our banking information is in the hands of criminals or fraudsters who could use it at any point to target us. This can cause long-term distress and worry, and this is what we can incorporate into a GDPR claim for compensation.

Infamous examples

Infamous examples where payment card fraud could be a factor include the Equifax hack of 2017 and the British Airways cyberattacks of 2018. In the Equifax incident that stemmed from the company failing to patch a known security vulnerability, criminals may have been able to access sensitive financial data that could have allowed them to commit identity theft or fraud. Perhaps more relevant are the British Airways cyberattacks of 2018 in which payment card data was actually scraped as part of the breach over a sustained period of time.

For the BA data breach matters, we represent thousands of clients pursuing claims for compensation on a No Win, No Fee basis. A number of them have reported fraudulent activity on accounts which are matters that we can factor into a damages case.

Expert representation for a compensation claim for a data breach

You can benefit from our expert representation for a compensation claim for a data breach, and we may be able to represent you for a claim on a No Win, No Fee basis.

We are Your Lawyers, and we are Leading Privacy Claims Experts who have been representing people in this niche and complex area of law for a lot longer than many other firms out there. Our experience speaks for itself, which is why we represent thousands of people and have recovered over £1m in damages for mostly individual data cases to date, and why we have launched over 60 group and multi-party actions so far. Our commitment is about making sure that our clients can recover the maximum damages possible as opposed to some other firms who sometimes try to settle quickly and cheaply. It is always worth remembering that a claim that has settled for a few hundred pounds could actually be worth thousands of pounds, if it had been dealt with properly.

You can speak to our team for free, no-obligation legal advice about pursuing a case with us here now.