One of our cyber predictions for 2018 was that class action securities cases are going to become a major issue for companies involved in cyber events.

Large-scale data breaches often give rise to a variety of legal problems for the affected company, ranging from consumer class action litigation to congressional
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Plaintiffs in data breach cases have tried many theories of recovery, including negligence, negligence per se, violations of state data protection statutes, violations of the Fair Credit Reporting Act, breach of fiduciary duty, and violations of the constitutional right to privacy, with mixed results.

Courts have rejected many of these
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