A £1000 bounty may soon knock on your door if you are an existing TalkTalk account holder.
While still reeling under a massive cyber-attack last Thursday which compromised thousands of customer names, addresses, date of birth, phone numbers, email addresses, TalkTalk account information, credit card details and bank details, the mobile network operator could be in for a far greater trouble if it is forced to pay compensation to affected customers.
If un-encrypted personal information is indeed stolen in such a large scale by alleged Islamic terrorists, somebody really needs to pay up. In this case, no one is more culpable that TalkTalk who failed to encrypt its customers' financial information.
Talk in the town is that lawyers are now drafting compensation claims in favour of customers with claims as large as £1,000 per customer. This would effectively wipe out nearly £75 million from TalkTalk's coffers, rendering it almost penniless.
Adrian Culley, ex-detective of Metropolitan Police said, “This is the Great Train Robbery of the 21st Century. There is a potentially huge liability for TalkTalk. Compensation payments could put them out of business.”
Meanwhile, CEO Dido Harding has been making public appearances regularly since the hack was discovered. In a recent one, she gave a good news and a bad news. The good news is that the attack may not be as severe as previously envisaged. The bad news is that there is no guarantee on cyber-attacks not taking place in the future.
Considering that the latter is true, there are several ways you can either limit or completely avoid the next hack. These are:
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