Desjardins is made up of $ 200 million
The Canadian Press – June 17, 2022 / 18:42 | History: 372309
Photo: The Canadian Press
The headquarters of Caisse Desjardins meet on Wednesday, February 24, 2021, in Montreal. THE CANADIAN PRESS / Ryan Remiorz
The Quebec High Court has upheld a $ 200.9 million settlement of a class action lawsuit against Desjardins for data breach, the largest to date in the Canadian financial services industry.
Siskinds Desmeules and Kugler Kandestin say all people affected by the breach, no matter where they live, will be able to claim.
Class members may seek compensation for loss of time related to personal information breach as well as identity theft.
In addition, members who have not yet registered with the Equifax credit monitoring service will be able to do so for five years by Desjardins, and maintain the other protection measures implemented by Desjardins after of non-compliance for at least five years.
The federal privacy commissioner said in 2020 that a number of technology and administrative loopholes led to the breach of high-profile data in the financial cooperative, which he said did not demonstrate the level of attention needed to protect personal information. confidential entrusted to your care. .
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 for several months starting July 21st.
For at least 26 months, a rogue employee diverted sensitive personal information collected by Desjardins from customers who had purchased or received products through the organization.