A survey by cybersecurity firm Egress revealed that while 85% of respondents were concerned about regulatory fines after a data breach, 90% were worried about group legal actions.
Three years after the General Data Protection Regulation (GDPR) came into force, the research also found nearly half (47%) of consumers would probably join a class action against an organisation that had leaked their data.
Russell-Cooke partner Michael Stacey comments in Solicitors Journal that while class actions could lead to significant financial exposure for businesses, they are still in their infancy in the UK.
Security chiefs worry about class actions after data breach is available to read on the Solicitors Journal website.
Michael is a partner in the litigation team. His particular specialism is regulatory and public law. Michael acts for regulators, businesses, charities, other institutions and private clients in regulatory investigations, complex disciplinary proceedings (including statutory appeals), judicial reviews, professional liability disputes and other regulatory litigation.