Nine in 10 (90%) security leaders are concerned about data breach litigation from class action lawsuits, according to new research by Egress.
Published on the third anniversary of the GDPR coming into force, the survey highlighted that security leaders and data protection officers (DPOs) are even more concerned about legal settlements for data subjects than they are about regulatory fines (85%) following a serious data breach.
As a result of these concerns, 91% of the 250 security leaders and DPOs in the UK polled revealed they have taken out new cyber-insurance policies or increased their cover to protect themselves from financial exposure because of GDPR.
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