Canada Revenue Agency Data Breaches Settlement Approved: Canadians Could Receive Up to $5,000 After Massive CRA Data Breach Settlement
The federal government has agreed to an $8.7 million settlement for the Canada Revenue Agency data breaches, allowing affected Canadians to claim compensation for identity theft and fraud.Summary
The federal government has agreed to an $8.7 million settlement to compensate thousands of Canadians affected by the Canada Revenue Agency data breaches that occurred during the COVID-19 pandemic. The settlement, approved by the Federal Court, addresses the cyberattacks that exposed sensitive taxpayer information, including Social Insurance Numbers and banking details, when hackers used credential stuffing to access CRA accounts. Eligible victims may receive up to $5,000 for out-of-pocket expenses related to identity theft, along with smaller amounts for lost time and fraudulent CERB claims. The lawsuit was led by Todd Sweet, who discovered his account had been compromised, and the settlement funds will be administered by KPMG, with any unclaimed money donated to the Privacy and Access Council of Canada. While the court deemed the agreement fair and reasonable, some victims argued the compensation was inadequate, though they retain the option to opt out and pursue separate legal action.
(Source：Google News)