Brokers warned to protect client data
Ruling means there is no longer a need to show financial loss to claim compensation following data breach.
Law firm Moore Blatch has warned brokers that they could be hit with compensation claims in the event of a data protection breach even if no financial loss occurs.
This follows a ruling in the Court of Appeal last month, where the rules under the Data Protection Act 1988 were clarified.
Clause 13 of the Act will now be interpreted so that financial loss no longer needs to be shown for a compensation claim for emotional impact on the claimant, such as anxiety or stress.
Claims increase
The law
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