The number of incidents involving compromised personal data increased significantly over the past decade. In 2022 alone, organizations reported having data compromised in almost two thousand instances in just the United States, impacting hundreds of millions of consumers. These incidents include data breaches, as well as unintentional data exposures and data leaks. Exposure of individuals’ personal information may result in identity theft and monetary losses to large groups of victims. Consequently, these events often result in class action lawsuits claiming economic damages from the unauthorized access or use of personal identifiable information (“PII”) and/or personal health information (“PHI”), and in some cases the mere possibility of access or use. However, attempts to reliably quantify economic harm on a class-wide basis present several issues when assessing the economic value of lost privacy.  Our presentation will discuss some of these common analytical flaws.

About the presenters:

• Dr. Erica Greulich, Director, Secretariat Economists – Dr. Greulich specializes in empirical microeconomics and quantitative analysis, including estimation of damages and lost profits. Her consulting engagements most frequently concern employment, discrimination, breach of contract and antitrust matters. She has consulted on numerous class action engagements and testified regarding labor market conditions and lost earnings.
• Dr. Stuart Gurrea, Managing Director, Secretariat Economists  – Dr. Gurrea has more than 20 years of experience in economic consulting. He earned his Ph.D. in economics from Northwestern University and specializes in industrial organization, financial economics, and econometrics. Dr. Gurrea has conducted economic analyses in the context of legal disputes, policy making, and business strategy, and has served as both a consulting and testifying expert in state and federal courts.

The information, analysis and opinions expressed in the webinars, podcasts and/or congress presentations are solely those of the presenter/author, are not reviewed by the Institute as to content or accuracy, and are not endorsed by CBV Institute or any of its Members.