Cost of a data breach to victims

The cost of a data breach to victims can be substantial, not only in respect of financial losses and expenses, but also in respect of the impact on our health and well-being.

In the Virgin Media data leak, it is likely that most people claiming compensation will be recovering damages for the distress caused by the loss of control of their personal information. This is claimable in accordance with the GDPR, and you can find out if you are still in time to join our group action by completing a few forms on our website here now.

Literal cost of a data breach for victims

The literal cost of a data breach for a victim could be substantial if any fraud or theft has taken place. If money has been lost, or identity theft has been committed which has adversely impacted someone’s credit reports, this could cause significant issues in respect of loans and credit cards. Further, there may be actual monetary loss that could be unrecoverable, although in many cases money can often be recovered.

If someone has fallen for a particular scam and has transferred money or has had their bank account compromised, money could be taken that way also. Ultimately, the literal cost of a data breach to a victim could be substantial if fraud and theft are involved.

However, as we suggested above, in many cases, actual money lost can be quite rare. That being said, there are other costs involved which we will outline below.

The impact on your health and wellbeing

In terms of the cost of a data breach to the victim, one of the biggest ones is actually the impact on health and well-being. Whilst this may not be a financial cost so to speak, the significant impact that can be caused when someone has suffered distress as a result of the loss of control of their personal information can be substantial.

The toll that this can take on someone in terms of worry, upset, anger, and concern can be significant. The GDPR recognises that people can suffer such significant distress which is why the law can allow victims of a data breach to recover compensation for any distress that has been caused by the loss of control of personal information.

In the vast majority of data breach compensation claims we pursue, it is the distress that we are recovering damages for in claims.

The Virgin Media data breach group compensation action

Whilst fraud and theft could potentially be a factor for anyone involved in the Virgin Media data leak, it is more likely that people will be claiming compensation for the distress that has been caused. This can be claimable, and we believe that those who we represent have legitimate claims and that they could be entitled to recover thousands of pounds as part of our compensation action.

As things stand, we represent thousands of people engaged in compensation claims on a No Win, No Fee basis who have joined our Virgin Media data breach group action. We strongly recommend that you start a claim as soon as possible if you have yet to join the action because our cut-off points for new claims may be falling soon.

All you need to do to get started is complete a few forms in our website here now and you can find out quickly if your case is one that we can still take forward from you.

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