London — British Airways (BA) will financially compensate customers whose data was stolen in a "sophisticated" and "malicious" hack, CEO Alex Cruz said on Friday as he apologised for the fiasco. Late on Thursday, BA revealed that personal and financial details of customers who booked flights on the group’s website and smartphone app between August 21 and Wednesday August 29 had been stolen. The revelation comes just a few months after the EU tightened data protection laws. "We’re extremely sorry for what has happened," Cruz told the BBC on Friday. "There was a very sophisticated, malicious, criminal attack on our website." BA took out full-page adverts in UK newspapers on Friday to apologise to customers, while the share price of parent group IAG was down more than 3% in London deals. "We are 100% committed to compensate them," Cruz said. "We will compensate them for any financial hardship that they may have suffered."

BA said it had launched an urgent investigation after real...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.