Tom Fox and Jonathan Armstrong, renowned experts in cyber security, co-host the award-winning Life with GDPR. Join them in this episode as they discuss the recent court decision in the Austrian case and its implications on GDPR claims. Discover the guidelines for GDPR damage compensation, assessment of damages, liability provisions, and how businesses can make themselves more robust to avoid such claims. They also delve into the importance of acting quickly in the event of a breach and insurers’ sophistication in cyberattack policies. Tune in to learn more, and check out the article on the quarterly compliance website. Don’t miss out on their engaging conversation and valuable insights!
Key Takeaways:
- Understanding GDPR compensation claims
- Insurance Claims and Breach Response Strategy
- Cyber insurance is becoming more selective in writing cover
Notable Quotes:
“I would say when you have a title like that, you get the attention of many class action lawyers.”
“Not every infringement of GDPR automatically gives rise to compensation.”
“The right to compensation under GDPR needs 3 things. Firstly, an infringement of GDPR; secondly, material damage resulting; and thirdly, a causal link between the damage and the infringement.”
“If you haven’t got the right team in place, Even on New Year’s Day or Christmas day, Easter or Passover or, you know, during fasting, then that’s your fault, not ours, and regulators are not forgiving.”
Resources:
For more information on the issues raised in this podcast, check out the Cordery Compliance News Section. For more information on Cordery Compliance, go to their website here. Also, check out the GDPR Navigator, one of the top resources for GDPR Compliance, by clicking here.
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