Collective Redress Schemes Can Manage Data Breach Suits

By Oran Gelb, Sarah McAtominey and Eleanor Durcan (March 6, 2020, 2:10 PM EST) -- Recent court decisions, both in the U.K. and abroad, have potentially increased the exposure of firms to group litigation in relation to data security events. An intensified consumer litigation risk, coupled with greater regulatory scrutiny on data security, may cause firms to reassess the way in which they respond to security incidents. In this environment, a voluntary collective redress scheme may now be one of the most attractive ways to manage a firm's exposure....

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