Following the launch of one of the largest legal claims in the history of the United Kingdom with over 16,000 affected parties, a settlement was reached between the law firms Pogust, Goodhead, Mousinho, Bianchini and Marins and British Airways, as reported by BBC.
As a reminder, in early 2018, there was a breach of the airline's website where hackers stole data from over 400,000 customers. Among the stolen data were data on transactions, credit cards, travel, as well as the names and addresses of passengers.
It was anticipated that the airline would be fined with £183 million for personal data breaches under the General Data Protection Regulation (“GDPR”). However, the UK regulatory body has reduced the fine to £20 million taking into consideration the actions taken by the British Airways and the economic crisis that followed the pandemic caused by the COVID-19 virus.
The details of the settlement are not known to the public, as the document is marked as confidential. Given the previous statements made by law firm that it would charge £2,000 for each person, it is speculated that this is an amount of around £1,100 per injured party, which would mean that in total it will be charged £17.6 million for the 16,000 injured parties.