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Privacy law; Cybersecurity; Hackers; FTC v. Wyndham Worldwide Corp.; Data breaches; Data security procedures; Self-regulatory organizations (SROs); Financial Trade Commission (FTC); Corporate privacy; Cyber Crime; Section 5 of the Federal Trade Commission Act; Deceptive or unfair business practice; Congressional inaction; Key principles of compliance; Best Practices Guidelines; Cyber risk insurance; Commercial general liability (CGL) insurance; First party cyber loss; Third party cyber liability; Technical policies and procedures; Written information security plan (WISP)
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Full-Text Articles in Computer Law
Like A Bad Neighbor, Hackers Are There: The Need For Data Security Legislation And Cyber Insurance In Light Of Increasing Ftc Enforcement Actions, Jennifer Gordon
Like A Bad Neighbor, Hackers Are There: The Need For Data Security Legislation And Cyber Insurance In Light Of Increasing Ftc Enforcement Actions, Jennifer Gordon
Brooklyn Journal of Corporate, Financial & Commercial Law
Privacy has come to the forefront of the technology world as third party hackers are constantly attacking companies for their customers’ data. With increasing instances of compromised customer information, the Federal Trade Commission (FTC) has been bringing suit against companies for inadequate data security procedures. The FTC’s newfound authority to bring suit regarding cybersecurity breaches, based on the Third Circuit’s decision in FTC v. Wyndham Worldwide Corp., is a result of inaction—Congress has been unable to pass sufficient cybersecurity legislation, causing the FTC to step in and fill the void in regulation. In the absence of congressional action, this self-proclaimed …