News Dixons Carphone huge data breach affecting 5.9 million cards

Discussion in 'Business News & Resources' started by Cody, Jun 13, 2018.

  1. Cody

    Cody

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    Dixons Carphone has admitted being a latest victim to a data breach after a hacking attempt took place in July 2017, having only just discovered a compromise on over 5.9 million credit and debit cards and 1.2 million personal data records during the last week.

    There has been no evidence as of yet that any of the cards involved has been used in any fraudulent activity, however just 105,000 cards in total without a chip-and-pin protection has been leaked. Included in the data breach were non-financial personal data such as names, addresses and email addresses.

    The attack and breach has seen Dixon Carphone's shares fall more than 3% over the last few days.

    As well as this data breach, Dixon Carphone has reported on a series of profit warnings and with a potential closure of 92 of its 700 Carphone Warehouse stores, they could end up facing a whopping fine of up to £500,000 for the breach putting them into a further state of financial strain.

    Chief Executive of Dixons Carphone, Alex Baldock said: "The protection of our data has to be at the heart of our business, and we've fallen short here.

    "We've taken action to close off this unauthorised access and though we have currently no evidence of fraud as a result of these incidents, we are taking this extremely seriously."

    The Dixons group is contacting those affected, and if you feel you may have been affected it's recommended to follow the advice of Action Fraud.

    A cybercrime specialist at Leigh Day, a law firm said: "Those affected are likely to have claims for compensation not only for any financial losses that they may have suffered but also for the anxiety and distress caused by the breach."
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