Bank data breach victims step up calls for compensation
A growing number of customers affected by a string of recent personal data breaches at major commercial banks and other financial firms appear to be turning to class action lawsuits in pursuit of compensation, according to industry officials, Wednesday. The banks have pledged to fully compensate customers whose losses, including those from voice phishing scams, are found to have directly resulted…
Victims of recent data breaches at major banks are increasingly demanding compensation through class action lawsuits, according to industry sources. The banks have committed to fully reimbursing customers whose losses, including those from voice phishing scams, are proven to be directly caused by the data leaks. However, determining which claims qualify can be challenging, as the banks have not yet established clear guidelines for compensation eligibility.
As a result, some affected individuals are turning to legal action to seek justice. Seven financial institutions have experienced information leaks thus far, with Shinhan Bank leading the pack with a breach affecting approximately 25,000 people. The remaining breaches involved KB Kookmin Bank (119 customers) and Hana Bank (89 customers).
The compromised data encompasses customers' names, contact information, resident registration numbers, annual income, and loan limits.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Bank data breach victims step up calls for compensation koreatimes.co.kr
