Skip to main content

Pending EU data law may trigger class action against firms, say lawyers

Proposed requirements to disclose data breaches will lead to class action against companies, forcing boards to reassess their attitudes to cyber risk, lawyers say at a conference in London

Concept image representing data protection rules
EU pushing for mandatory notification of data breaches

Stricter data protection regulation under discussion in the European Union will raise the spectre of class action against companies if their customers' personal information falls into the wrong hands, lawyers said at a conference.

The proposed overhaul of the existing data privacy directive includes a requirement for organisations to notify supervisory authorities and affected individuals of data

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Want to know what’s included in our free membership? Click here

Show password
Hide password

Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here