Partner James Oldnall was quoted in the FT in their article 'Is consumer protection legislation fit for purpose?' The article, which is part of a special report on Cyber Security, looks at how the recent Lloyd v Google ruling reinforces the view that loss of data security and control harms consumers. James argues that the focus now on data protection, which has been prompted by businesses considering their obligations as a result of GDPR, has prompted consumers to consider the value of their personal data.
James says; “We are still struggling to determine the economic value of personal data. Historically there has been limited protection for personal data, which has led to it being undervalued and effectively bought in a ‘Wild West’ environment where it has been obtained illegally or very cheaply. There’s got to be an economic reckoning.”
Read the full article here (subscription only).