FTC Has Court Approval to Fine Companies for Lack of Security for Data Breaches

Image source: Article

Image source: Article

Being prepared just got more serious this past week. Cybersecurity now becomes an even higher priority for companies, by default. If it wasn’t a high priority previously, it should be and must now.

With the new U.S. appellate court ruling that the Federal Trade Commission (FTC) can sue Wyndham Hotels for a 2008 and 2009 data breach, where 600,000+ customers’ data was stolen from their systems, it also reinforced that the FTC is truly the digital watchdog for corporate America with the authority to enforce. The FTC can investigate companies and charge it with unfair trade practices for failure to protect customers from the theft of on-line data.

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