{"id":706,"date":"2018-09-24T16:30:14","date_gmt":"2018-09-24T15:30:14","guid":{"rendered":"https:\/\/www.databreachlawyers.co.uk\/news\/?p=706"},"modified":"2018-09-24T15:47:28","modified_gmt":"2018-09-24T14:47:28","slug":"equifax-data-breach-fine-hits-maximum-limit","status":"publish","type":"post","link":"https:\/\/www.databreachlawyers.co.uk\/news\/equifax-data-breach-fine-hits-maximum-limit","title":{"rendered":"Equifax data breach fine hits maximum limit"},"content":{"rendered":"<p>The Equifax data breach fine issued by the Information Commissioner\u2019s Office (ICO) has hit the maximum limit of \u00a3500,000.00.<\/p>\n<p>The 2017 Equifax data breach resulted in some 700,000 UK citizens put at risk from data exposure. In total, around 15 million records were actually compromised.<\/p>\n<p>This was a major breach for a number of reasons. Firstly, it was preventable; taking place because an employee failed to patch a known security vulnerably. Secondly, because the damage could have been lessened had Equifax have had proper systems in place to spot such a breach. Thirdly, because of who Equifax are. This is a company who is a credit-reference agency. The fact that a data breach has happened to <em>them<\/em> is incredibly worrying.<\/p>\n<p><!--more--><\/p>\n<h3><strong>The Equifax data breach fine<\/strong><\/h3>\n<p>The Equifax data breach fine hit the limit of the old pre-GDPR rules. this equated to a massive \u00a3500,000.00.<\/p>\n<p>Part of the justification for the level of the fine was that multiple failures were found. They were found in breach of five out of the eight data protection principles. These included: \u201cfailure to secure personal data, poor retention practices, and lack of legal basis for international transfers of UK citizens\u2019 data.\u201d<\/p>\n<p>On the Equifax data breach fine, ICO commissioner, Elizabeth Denham, said:<\/p>\n<p><em>\u201cThe loss of personal information, particularly where there is the potential for financial fraud, is not only upsetting to customers, it undermines consumer trust in digital commerce.<\/em><\/p>\n<p><em>\u201cThis is compounded when the company is a global firm whose business relies on personal data.<\/em><\/p>\n<p><em>\u201cWe are determined to look after UK citizens\u2019 information wherever it is held. Equifax Ltd has received the highest fine possible under the 1998 legislation because of the number of victims, the type of data at risk and because it has no excuse for failing to adhere to its own policies and controls as well as the law.\u201d<\/em><\/p>\n<h3><strong>Victims claim on top of the Equifax data breach fine<\/strong><\/h3>\n<p>Victims of the incident can claim in addition to the Equifax data breach fine that has been issued. The fine is for their breach of the rules, whereas <a href=\"https:\/\/www.databreachlawyers.co.uk\/can-i-claim\" target=\"_blank\" rel=\"noopener\"><strong>victims can claim compensation on top of the fine<\/strong><\/a>.<\/p>\n<p>Victims could be entitled to claim compensation for any distress and financial loss caused by the breach.<\/p>\n<p>We\u2019re helping people claim on a <a href=\"https:\/\/www.databreachlawyers.co.uk\/no-win-no-fee\" target=\"_blank\" rel=\"noopener\"><strong>No Win, No Fee basis<\/strong><\/a>.<\/p>\n<p>We\u2019re already representing a number of victims if the Equifax data breach. You can contact our team on 0800 634 75 75 or complete an enquiry form below.<\/p>\n<p>It\u2019s not too late to start your claim yet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Equifax data breach fine issued by the Information Commissioner\u2019s Office (ICO) has hit the maximum limit of \u00a3500,000.00. The 2017 Equifax data breach resulted in some 700,000 UK citizens put at risk from data exposure. In total, around 15 million records were actually compromised. This was a major breach for a number of reasons. &hellip; <a href=\"https:\/\/www.databreachlawyers.co.uk\/news\/equifax-data-breach-fine-hits-maximum-limit\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Equifax data breach fine hits maximum limit<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,30],"tags":[4,6,44,36],"class_list":["post-706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-claims","category-ico","tag-breaches","tag-cyber-attacks","tag-equifax","tag-ico"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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