SUBSCRIBE

CATEGORIES

British Airways settles with 2018 data breach victims

imageStock Markets16 minutes ago (Jul 06, 2021 04:36AM ET)

(C) Reuters. FILE PHOTO: British Airways tail fins are pictured at Heathrow Airport in London, Britain, May 17, 2021. REUTERS/John Sibley/File Photo

(Reuters) -British Airways has settled a case brought by customers and staff affected by a massive 2018 data breach that led to personal information being leaked, the court-appointed lead solicitors in the case said on Tuesday.

Law firm PGMBM said those affected by the data leak would receive a confidential settlement following mediation with British Airways. The resolution does not include any admission of liability by the airline, it added.

British Airways, owned by IAG (LON:ICAG), revealed a breach of its security systems in 2018 that caused the personal data of 420,000 staff and customers to be leaked.

British Airways in an emailed statement said it was pleased it has been able to settle the group action.

Britain’s Information Commissioner’s Office in October fined British Airways 20 million pounds ($27.7 million) – the data protection watchdog’s biggest such penalty at the time – for failing to protect the personal and financial details of its customers.

IAG shares were up 3% by 0820 GMT on the London Stock Exchange.

($1 = 0.7212 pounds)

British Airways settles with 2018 data breach victims

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.