Nebraska bill seeks to limit data breach class actions
IBM reports the average cost of a data breach hit $4.88 million in 2024.
By Brittney Meredith-Miller |
February 19, 2025 at 12:54 AM
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Data breaches and other cyberattacks in recent years have led to an uptick in class action lawsuits against companies by customers whose information was compromised in these events. (Credit: the_lightwriter/Adobe Stock)
A bill has advanced through the Nebraska legislature that would relieve private entities of liability in the event of a cybersecurity event as long as it was not caused by willful, wanton or gross negligence by the entity.
Data breaches and other cyberattacks in recent years have led to an uptick in class action lawsuits against companies by customers whose information was compromised. Recently, Progressive agreed to a $3.25 million class action settlement in response to a suit concerning a breach at one of the insurer’s third-party call center vendors.
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