This guide will explore what steps you could take should a Tandem Money data protection breach occur. Organisations have a responsibility to adhere to data protection law. If they fail to do so, it could lead to your personal data becoming compromised. We will explore the impact this could have as well as the responsibilities an organisation has to protect your personal data in more detail throughout our guide.
Can I claim after a Tandem Money data protection breach?
We will also provide examples of what is classed as personal data and how it could be compromised in a security incident.
Additionally, we will explore when a data breach claim could be justified and the compensation that could be awarded if the claim is successful.
Whilst we have aimed to cover the information you need, we understand you may still have questions. If so, you can contact our advisors for free legal advice. To get in touch, you can:
- Call on 0161 696 9685
- Use our online contact form.
- Interact with an advisor via our live chat feature below.
Select A Section
- Can I Claim For A Tandem Money Data Protection Breach?
- What Personal Data Is Protected By The UK GDPR?
- What Are The Consequences Of Data Protection Beaches?
- Am I Eligible To Make A Personal Data Breach Claim?
- Calculating Compensation Settlements For Data Breach Claims
- Talk To Us About The Steps You Could Take Should A Tandem Money Data Protection Breach Occur
Can I Claim For A Tandem Money Data Protection Breach?
The responsibilities an organisation has to protect your personal data are outlined in the UK General Data Protection Regulation (UK GDPR). This sits alongside an updated version of the Data Protection Act 2018 (DPA) to monitor an organisation’s use of your personal data.
Information that can identify a person directly or in combination with other information is classified as personal data. Some examples are your name, phone number and home address.
A breach of personal data is a security incident that affects the integrity, confidentiality and availability of your personal data. If a data breach occurs and causes your personal data to become compromised, leading to you suffering financial loss or a psychological injury, you may be eligible to claim. The UK GDPR gives those affected by a personal data breach the right to seek compensation.
If you’re wondering ‘can I claim after a Tandem money data protection breach?’, get in touch with our team. They can help you understand when a data breach claim could be justified.
Statistics On Data Breaches
The Information Commissioners’ Office (ICO) upholds the rights and freedoms of data subjects. Additionally, they provide information on the current data security incident trends. As per the latest statistics for Quarter 4 of the financial year 2021/22, we can see there were 173 cyber and non-cyber security incidents that affected the finance, insurance and credit sector.
What Personal Data Is Protected By The UK GDPR?
As mentioned, personal data is information that can identify you. Some examples of personal data include:
- Name
- Postal address
- Phone Number
- Email address
- Personal data relating to your finances
Additionally, some personal data is classified as special category data. This is personal data that needs more protection because it is sensitive. Special category data can include information relating to your:
- Political opinions
- Philosophical or religious beliefs
- Racial or ethnic origin
- Sexual orientation
- Health
Additionally, it can include biometric data. This is a type of personal data banks could hold and process. For example, when logging into your banking app, you may be required to use your fingerprint to access your account.
What Are The Consequences Of Data Protection Beaches?
There can be several consequences if your personal data is compromised in a data breach. Firstly, you could potentially suffer from emotional distress. For example:
- Your home address was compromised, leading you to become so stressed that someone could show up at your home that you have to move.
- Your mobile number was breached, resulting in you receiving multiple calls daily from unknown numbers, making you suffer from anxiety.
You could also suffer financial loss. For example:
- Your banking information is breached, resulting in all your money being drained from your account.
- Multiple large loans are taken out in your name, which affects your credit score.
In a lot of cases, the emotional and financial damage can overlap. Contact our team if you have recently suffered from a personal data breach and want more information on what to do. They can also explore what steps you could take should a Tandem Money data protection breach occur.
Am I Eligible To Make A Personal Data Breach Claim?
If a Tandem Money data protection breach were to occur, this does not necessarily mean you can claim. In order to make a personal data breach claim, you must be able to demonstrate that an organisation’s failings caused your personal data to become compromised leading to you sustaining financial loss or psychological harm.
Examples of how your personal data could be breached include:
- An email containing your personal information is sent to the wrong person.
- An organisation fails to update their security systems leaving them more susceptible to a cyber attack, such as a ransomware attack or phishing scam, involving a text message asking you to click on a link.
- An incident involving lost records causes your personal information to become compromised.
If you’re wondering ‘can I claim following a Tandem Money data protection breach?’, get in touch with our team. They can advise on when a data breach claim could be justified.
Calculating Compensation Settlements For Data Breach Claims
When making a data breach claim, you can seek compensation for material damage and non-material damage. The former compensates for the financial losses you have incurred due a personal data breach. Examples of material damage can include loans taken out in your name, an impact on your credit score and loss of earnings, in some cases.
Non-material damage compensates for the psychological injuries you suffered due to the personal data breach. This can include mental health problems such as stress, anxiety and depression. In more severe cases, it can also include post-traumatic stress disorder.
You can seek compensation for non-material damage without also having to claim compensation for material damage.
Below we have inserted a table based on the 16th edition of the Judicial College Guidelines (JCG) which contains a list of psychiatric and psychological injuries with a corresponding compensation bracket. Legal professionals can use this document to help them when valuing the non-material damage head of your claim. They can also use it to help them value different types of claims, including medical negligence, personal injury and public liability.
Please only use this table as a guideline, as the compensation you may receive will vary depending on your case.
| Type of Harm | Additional Notes | Compensation Bracket |
|---|---|---|
| Mental Harm | (a) Severe - The person will have major problems with being able to cope with life, education and work and will experience extreme future vulnerability. They will also have a very poor prognosis. | £54,830 - £115,730 |
| Mental Harm | (b) Moderately Severe - The person will experience significant problems with being able to cope with life, education and work and will experience future vulnerability. However, the prognosis will be much more optimistic. | £19,070 - £54,830 |
| Mental Harm | (c) Moderate - Whilst the person will suffer with the ability to cope with life, education and work and will experience future vulnerability, there will have been a significant improvement and a good prognosis. | £5,860 - £19,070 |
| Mental Harm | (d) Less Severe - Factors such as how long the person suffered and the extent to which they suffered will be considered. | £1,540 - £5,860 |
| Anxiety Disorder | (a) Severe - There will be permanent issues that stop the person from functioning at the same level as before the trauma. | £59,860 - £100,670 |
| Anxiety Disorder | (b) Moderately Severe - A better prognosis than more severe cases due to professional help. | £23,150 - £59,860 |
| Anxiety Disorder | (c) Moderate - Whilst the person will have mostly recovered, some ongoing symptoms will persist. These won't be majorly disabling. | £8,180 - £23,150 |
| Anxiety Disorder | (d) Less Severe - The person will virtually experience a full recovery within one to two years. Only minor symptoms will persist after this period. | £3,950 - £8,180 |
If you’re wondering ‘can I claim data breach compensation following a Tandem Money data protection breach?’, get in touch with our team. They can help you understand what could form the basis of a valid data breach claim.
Talk To Us About The Steps You Could Take Should A Tandem Money Data protection Breach Occur
Our panel of solicitors may be able to help you seek compensation under No Win No Fee terms. They can offer their services under a Conditional Fee Agreement. Generally, this means:
- There are no upfront fees to pay for your solicitor’s services at the start of your claim.
- If your case is successful, you will pay a small success fee from your compensation. This fee is a legally capped percentage.
- If your case is unsuccessful, you will not need to pay your solicitor for their services.
To find out more, you can contact our advisors. They can also provide guidance on the steps you could take should a Tandem Money data protection breach occur. You can get in touch by:
- Call on 0161 696 9685
- Use our online contact form.
- Interact with an advisor via our live chat feature below.
Further Resources On Tandem Money Data Protection Breach
Please find some additional resources that may help you.
- Family data breach compensation – Can I claim for a breach of UK GDPR?
- How to claim for a witness GDPR data breach
- When could you claim for a breach of data protection in a nursery?
- ICO: Understanding and assessing risk in personal data breaches
- ICO: Does an organisation need my consent?
- UK GOV: Data protection
Thank you for reading this guide on steps you could take following a Tandem Money data protection breach. If you need any other information, call us on the number above.
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