Global Regulation, Local Solutions Emerging Themes 2020 - Page 69



FINANCIAL CRIME AND INVESTIGATIONS
FIGHT THEM ON
THE BREACHES
DATA BREACH CLASS LITIGATION
GAINS MOMENTUM – IS THERE A
BETTER WAY TO MANAGE IT?
68/
EMERGING THEMES 2020
In this publication last year we flagged the possibility
of more group or class litigation following a data
breach. Recent Court decisions have confirmed that
this is indeed the direction of travel for significant data
breaches in the UK.
But should financial institutions now be considering
whether there could be a better way to manage these
group claims, perhaps through the collective redress
schemes that have worked well for compensating
losses caused by mis-selling?
/69

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