Quebec court approves $200.9M settlement against Desjardins over data breach | Globalnews.ca
Quebec court approves $200.9M settlement against Desjardins over data breach
By Staff The Canadian Press
Posted June 17, 2022 8:00 pm
Updated June 17, 2022 8:01 pm
Bill 53 to give Quebecers more control over credit
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A new government bill aims to give Quebecers more control and protection when it comes to their credit. As Global’s Raquel Fletcher reports, Bill 53 is in response to the Desjardins data breaches – Aug 26, 2020
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The Superior Court of Quebec has approved a nearly $200.9-million settlement of a class-action lawsuit against Desjardins over a data breach — the largest to date in the Canadian financial services sector.
Siskinds Desmeules and Kugler Kandestin say everyone affected by the breach, regardless of where they live, will be eligible to claim.
Class members may seek compensation for loss of time that is related to the personal information breach, as well as for identity theft.
READ MORE: Data breach at Desjardins caused by series of gaps, privacy watchdog says
In addition, class members who have not already registered for Equifax’s credit monitoring service will be able to do so for five years at Desjardins’ cost, and maintain the other protective measures implemented by Desjardins following the breach for at least five years.
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The federal Privacy commissioner said in 2020 that a series of technological and administrative gaps caused the high-profile data breach at the financial co-operative, which he said did not demonstrate the level of attention needed to protect the sensitive personal information entrusted to its care.
READ MORE: Desjardins credit card holders also affected by massive data breach
The incident compromised the data of 4.2 million people who had active accounts, Desjardins said.
Class members do not have to take any steps at this stage. Notices containing instructions for making claims will be distributed over several months beginning around July 21.
For at least 26 months, a rogue employee was siphoning sensitive personal information collected by Desjardins from customers who had purchased or received products through the organization.
By Staff The Canadian Press
Posted June 17, 2022 8:00 pm
Updated June 17, 2022 8:01 pm
Bill 53 to give Quebecers more control over credit
close video
A new government bill aims to give Quebecers more control and protection when it comes to their credit. As Global’s Raquel Fletcher reports, Bill 53 is in response to the Desjardins data breaches – Aug 26, 2020
Leave A Comment
Share This Item On Facebook
Share This Item On Twitter
Send This Page To Someone Via Email
Share This Item
Descrease article font size
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The Superior Court of Quebec has approved a nearly $200.9-million settlement of a class-action lawsuit against Desjardins over a data breach — the largest to date in the Canadian financial services sector.
Siskinds Desmeules and Kugler Kandestin say everyone affected by the breach, regardless of where they live, will be eligible to claim.
Class members may seek compensation for loss of time that is related to the personal information breach, as well as for identity theft.
READ MORE: Data breach at Desjardins caused by series of gaps, privacy watchdog says
In addition, class members who have not already registered for Equifax’s credit monitoring service will be able to do so for five years at Desjardins’ cost, and maintain the other protective measures implemented by Desjardins following the breach for at least five years.
STORY CONTINUES BELOW ADVERTISEMENT
The federal Privacy commissioner said in 2020 that a series of technological and administrative gaps caused the high-profile data breach at the financial co-operative, which he said did not demonstrate the level of attention needed to protect the sensitive personal information entrusted to its care.
READ MORE: Desjardins credit card holders also affected by massive data breach
The incident compromised the data of 4.2 million people who had active accounts, Desjardins said.
Class members do not have to take any steps at this stage. Notices containing instructions for making claims will be distributed over several months beginning around July 21.
For at least 26 months, a rogue employee was siphoning sensitive personal information collected by Desjardins from customers who had purchased or received products through the organization.
