90% of security leaders are concerned about group legal settlements following a serious data breach, compared to 85% who are worried about regulatory fines. 47% of UK consumers would likely join a class-action lawsuit against an organization that had leaked their data, proving security leaders’ fears to be accurate. In response to GDPR, 91% are turning to cyber insurance to protect themselves from financial exposure by either taking out new policies or increasing their cover because of GDPR. The survey, conducted by OnePoll on behalf of Egress, interviewed 250 security leaders in the UK and 2,000 UK consumers.
Source: https://www.helpnetsecurity.com/2021/06/01/security-leaders-legal-settlements/