Episode 116 A Deep Dive into Databreach Class Actions

Data breach class action litigation is one of the primary areas that keeps businesses up at night. Factors such as the emergence of cloud-based storage, the shift to remote work, and the escalation of sophisticated cybercriminal activity have threatened data security. As a result, the number of data breach class action lawsuit filings in the United States doubled last year, going from 604 in 2022 to a whopping 1,320 in 2023. The financial impact is equally daunting, as the top 10 data breach settlements totalled $515.75 million. Our Guest today is Alex Karasik. Alex is one of the leading privacy and data breach class action defence attorneys in the United States. He represents clients in a broad range of industries, including restaurants, hotels, sporting venues, retailers, automotive manufacturers, logistics companies and staffing entities. Mr. Karasik's experience defending multi-national companies in these "bet-the-company" class actions allows him to provide insight to security professionals at organisations regarding strategies to prevent privacy and data breach class action litigation. In this episode of the Security Insider podcast, Alex is going to help us understand how security professionals can better safeguard their organizations from class-action lawsuits.