The internet may have rewritten data rights, but courts are starting to catch up.
The lawsuits of the future are already being drafted today, and in today’s age of digital rights, that means that FinTech leaders must become part compliance strategist, part technologist, and part futurist.
“In 2021, there were 400 data breach lawsuits filed,” Philip Yannella co-chair of the privacy, security and data protection practice at Blank Rome and the author of “Cyber Litigation: Data Breach, Data Privacy & Digital Rights,” 2025 edition, told PYMNTS. “Last year, there were over 2,000.”
While some suits settle for $15,000 to $25,000, larger class-action cases can climb into the millions.
Yannella’s own book focuses on what he terms digital rights: a legal ecosystem that has emerged from the collection, storage, sharing and protection of personal information online.
Litigation, he explained, is “absolutely booming,” spurred by a combination of legal creativity, technological opacity, and, in many cases, opportunism.
And as the line between legal compliance and technical innovation blurs, this surge in litigation is no longer a fringe issue; it is fundamentally reshaping how FinTechs, digital marketers, and even mainstream banks approach business.
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"Digital Blind Spots Leave Fintech Firms Exposed as Cyber Litigation Explodes," was published in PYMNTS on May 15, 2025.
