Enterprise wake-up call: if you’re not doing enough to protect your customer information, the feds might come after your company for unfair and deceptive practices.
That’s the conclusion of an appellate court this week, who decided that the US Federal Trade Commission (FTC) has the power to sue corporations who don’t take adequate measures to protect customer information from hackers.
The FTC had sued Wyndham Hotels and Resorts over a series of security breaches that led to the compromise of the personal information and credit card numbers of 619,000 customers, to the tune of $10.6 million in fraudulent charges.
It could be argued that Wyndham’s security lapses had been particularly egregious. For example, the FTC contended that it wasn’t even using firewalls, perhaps the first line of defense against cyberattacks.
Firewalls, however, were only the tip of the iceberg. “The idea that you can trust any internal network and consider it to be safe with or without firewalls is completely obsolete,” according to cybersecurity expert Satyam Tyagi, CTO of Certes Networks.
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