Whether it’s a local agency or a nationwide chain, many property management firms may be perceived as prime targets for data hackers. Any organisation that stores extensive customer information could be seen as an opportunity for cybercriminals, so the possibility of a property management firm data breach is something all companies must aim to prevent.
Unfortunately, despite the growing awareness of data security issues in the media and among the general public, many data controllers fail to observe the data protection regulations set out in the law. Even for businesses that possess large quantities of sensitive customer information, data protection negligence can be a problem.
If you have had your data exposed by a third party due to their failure to protect it, you may be entitled to claim compensation. In accordance with the law, everyone has a right to have the personal data they disclose to third-party companies kept safe, so contact us for advice if you think you may have a claim to make.
Why might cybercriminals target property management companies?
When they look to steal data, some cybercriminals are typically looking for the most sensitive and detailed data records, as these can usually be of the most value to them. Property management companies that typically deal with tenancies for rental properties can often hold extensive information on tenants and landlords. For example, if a property management firm is responsible for setting up and retaining copies of tenancy agreements, they will often have to request all kinds of highly private information from tenants to ensure they are fit to rent a property. This may include details of their assets and those of their guarantors, as well as usual financial and ID information for both landlords and tenants.
All of this is part and parcel of everyday business, but it becomes a problem if a property management firm data breach occurs. For cybercriminals, the exposure of data held by these firms may be a route into all kinds of scams and fraud.
Claiming compensation for a property management firm data breach
As for all data breaches, those who have been affected by a property management firm data breach may be able to claim compensation for the harm caused. Your reasons for claiming may vary according to how the breach has specifically impacted you. You could be eligible to claim for involvement in the breach alone, or you may be looking to recover damages for any distress you have suffered from, or you may have been affected by fraud or theft as a result of the exposure of your financial data. This could mean that you may be able to be reimbursed for your losses.
All of these examples can be equally viable reasons for claiming.
Claim with The Data Leak Lawyers
At Your Lawyers – The Data Leak Lawyers – as leading privacy claims experts, we have been forging a strong reputation in this area of law since 2014, when we began representing clients for privacy matters. Our expertise has brought us to roles in some of the most high-profile and impactful data breach cases in England and Wales, including the British Airways group action.
Eligible clients can take advantage of our experience on a No Win, No Fee basis, meaning you won’t have to pay our legal fees if your claim is unsuccessful, subject to the agreed terms and conditions in place. To receive free, no-obligation advice on your potential data protection compensation claim, contact our team today or enter your details for a call-back.
IMPORTANT: advice on this page is intended to be up-to-date for the 'first published date'.
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First published by Author on December 20, 2021
Posted in the following categories: Claims Cybersecurity Data Ransomware Scammers Security Technology and tagged with compensation | data breach | data controllers | data leak | gdpr | online security | personal data | ransomware | smart technology