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3 May 2016, 5:08 pm by Kevin LaCroix
  One of the most recent examples of such FTC action is the 2013 enforcement case it brought against hotelier Wyndham Worldwide Corporation following a 2008-09 hack into Wyndham’s computer system.[9] In the Wyndham action, the FTC alleged numerous cyber-security failures by the hotelier, including failure to use readily available security measures such as firewalls, failure to adequately restrict access of third-party vendors to Wyndham’s computer network, failure to adopt… [read post]
16 Jun 2016, 2:48 pm by Kevin LaCroix
John Reed Stark As I noted in a recent post, on June 8, 2016, the SEC, in what one commentator called “the most significant SEC cybersecurity-related action to date,” announced that Morgan Stanley Smith Barney LLC had agreed to pay a $1 million penalty to settle charges that as a result of its alleged failure to adopt written policies and procedures reasonably designed to protect customer data, some customer information was hacked and offered for sale online. [read post]