{"id":4688,"date":"2020-12-16T09:00:36","date_gmt":"2020-12-16T09:00:36","guid":{"rendered":"https:\/\/www.dataleaklawyers.co.uk\/blog\/?p=4688"},"modified":"2020-12-14T14:21:15","modified_gmt":"2020-12-14T14:21:15","slug":"financial-services-data-breach-advice","status":"publish","type":"post","link":"https:\/\/www.dataleaklawyers.co.uk\/blog\/financial-services-data-breach-advice","title":{"rendered":"Financial services data breach advice"},"content":{"rendered":"

Financial services data breaches are becoming bigger and bigger problems, with some research indicating that most exposed information came from financial services data breaches last year.<\/p>\n

According to a report from the data protection company Bitglass, compiled from data by the Identity Theft Resource Center (ITRC) and the Ponemon Institute, although the financial services industry contributed to 62% of data exposed last year, it only accounted for 6.5% of data breaches in total. This suggests that, whilst they only contribute to a small percentage of reported data breaches overall, an enormous amount of data is exposed in these breaches.<\/p>\n

Your Lawyers (T\/a The Data Leak Lawyers) is a leading firm of data breach compensation experts<\/strong><\/a>, and this research does not come as a surprise to us. We have pioneered data breach action since 2014 and we are passionate about fighting for justice for the victims of data breaches. We are here to help anyone that has suffered because of their sensitive information being misused or exposed in a data breach, and we offer free, no-obligation advice to victims.<\/strong><\/a><\/p>\n

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Risks of financial services data breaches<\/strong><\/h3>\n

According to the Bitglass report, data breaches in the financial services industry are costly, in second place behind the healthcare industry.<\/p>\n

It is understood that an average financial services data breach could cost around \u00a3150 – \u00a3300 per record. This, perhaps, highlights the severity of financial services data breaches and the importance of having proper security systems in place to prevent such breaches occurring.<\/p>\n

By having the correct software and systems in place, as well as up-to-date systems and regular employee training on data breach security, organisations can look to ensure they are doing as much as they can to prevent any data breaches taking place.<\/p>\n

What can I claim for if my data has been breached?<\/strong><\/h3>\n

If your data has been involved in a financial services data breach, you could be eligible to make a compensation claim with the Data Leak Lawyers<\/a><\/strong>.<\/p>\n

Below is a list of factors that we consider when assessing your claim;<\/p>\n