UK Group Data Breach Claims Pose Big Financial Risks
Law360 (March 12, 2020, 4:20 PM EDT) -- The U.K.’s data protection regulator, the Information Commissioner's Office, has announced an intention to issue some big-hitting fines, some edging well over £100 million. The theoretical threat of significant fines under the General Data Protection Regulation has become a reality for some businesses (and their insurers).
But that may not be the end of the story.
How concerned should businesses be that adverse regulatory findings will be used as a springboard for mass claimant lawsuits for damages — akin to class actions?
In this article, we explore how these lawsuits are arising in the U.K., and the potential financial exposure and...
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