FTC Takes Tougher Data Security Stance After LabMD Fight

guest · Sep 5, 2019

FTC Takes Tougher Data Security Stance After LabMD Fight
September 3, 2019
https://news.bloomberglaw.com/priva...ougher-data-security-stance-after-labmd-fight

The Federal Trade Commission is issuing specific data security requirements to companies as part of agency settlements, policing businesses more aggressively than before, attorneys and former staff said.

“The FTC is realizing, to stay relevant and to drive more consistency across businesses, they need to utilize their authority in a way that forces a reasonable security standard on companies,” Michelle Reed, co-leader of Akin Gump Strauss Hauer & Feld LLP’s cybersecurity, privacy and data protection practice, said.
Attorneys said the agency wants to be seen as a strong enforcer. It’s building on lessons learned from past enforcement actions, including a failed court battle with now-defunct LabMD, according to data security and privacy attorneys and a sitting commissioner.
Safeguards Rule
The FTC is also looking to boost enforcement of financial institutions under its jurisdiction to ensure they’re protecting customers’ private information.

“On data security, we’ve been unanimous in our call for Congress to give us additional authority,” Phillips said. There may be disagreements on particulars, but overall, “we as a society need to be doing better on data security,” he said.
Click to expand...

Log in or Sign up

FTC Takes Tougher Data Security Stance After LabMD Fight

guest Guest

Log in or Sign up

FTC Takes Tougher Data Security Stance After LabMD Fight

guest Guest

Useful Searches