March 07, 2005
FTC Enforcement Action for Deficient Security Practices
The FTC has settled a charge against Nationwide Mortgage Group, Inc., a mortgage company, for failing to comply with the security requirements under the Gramm Leach Bliley Act. FTC enforcement actions for poor security practices are relatively rare, so this case will be recycled endlessly by those lawyers who are desperate to convince their clients that poor management of security has dire legal consequences.
Posted by Eric at March 7, 2005 06:10 PM | Privacy/Security