“Misstating the facts as you know them on legal documents is a whole other world of pain”

At the beginning of this year, Bloomberg reported that a “Class-Action Wave Is Coming” (pcpro.link/344bloom). The article called out the rise in environment, social and governance-related cases, citing the hardening of corporate disclosure requirements as a catalyst for this type of litigation. From a tech perspective, the most interesting aspect in that article was a quote from Norton Rose Fulbright, a leading law firm, which said that cybersecurity is a “class-action area of future concern”. This article makes the case that the future is now.

But it also makes the case that it’s not all bad news. Management can, without incurring a huge amount of expense, simultaneously augment their business’s cyber-resilience posture and go some way to managing the new risk of class actions. I make no attempt to plot each potential pitfall that can beset management, but I will highlight a few of the biggest.