Saturday, August 25, 2007
No Compensation for Threat of Loss
Federal Court Slaps Data Theft Victims Some victims were outraged that they did not receive compensation when their personal data was stolen from National Bancorp. The court said that since victims suffered no financial loss they could not receive compensation from emotional distress. They would receive compensation if the lost data results in financial damages. While customers still remain open to threat of their data being used illegally a win would have been dangerous. It would allow anyone to sue if they felt that anything was unsafe or could lead to distress or financial loss. Does your car feel unsafe? What about the planes flying over your house? Every time we buy anything anywhere with a credit card we expose our personal data to theft. Should we receive compensation? I am feeling a lot of distres$.
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