Alberta Mirror

Tuesday, August 9, 2022

Desjardins clinches 2019 data violation class-action case for up to about $201M


Key takeaways: 

  • The concession will supply settlement for identity stealing, loss of time due to violation.
  • The lawsuit is settled for approximately $201M. 

Desjardins settles 2019 data breaking case: 

Economic services company Desjardins Group will spend up to about $201 million to resolve a class-action suit connected to a data violation in 2019 that impacted near to 9.7 million Canadians.

The deal, which is subject to acceptance by the Quebec Superior Court, would permit qualified people who were impacted by the privacy violation that arrived in light in June 2019 to obtain a settlement.

The compensation devotes to members and former members as well as customers and ex-clients of the financial co-operative who have had Desjardins credit cards or financing outcomes.

Desjardins states there’s no requirement for individuals to reach them before the deal is agreed and a suits process starts.

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Desjardins settles the lawsuit for data breach

Plaintiff regulation companies Siskinds Desmeules and Kugler Kandestin state the contract supplies settlement for loss of time-related to the personal information infringement, as well as a settlement for identity stealing.

It also delivers members Equifax credit monitoring service range for five years, and an attachment by at least five years of the different defensive actions executed by Desjardins following the violation.

A statement by the federal Privacy Commissioner attributed the data violation to a string of technical and administrative voids at Desjardins.

For at least 26 months, a rogue worker siphoned sensitive personal information gathered by Desjardins from consumers who had bought or acquired products through the association, a statement by the commissioner found. For some, the data had first and last names, dates of birth, social insurance numbers, road addresses, telephone digits, email addresses and dealing records.

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