Legalities Of A Cyber Breach — Heed Your In-House Counsel

Editor’s Note: For more information on growing regulatory interest in cybersecurity, see The Coming Cybersecurity Regulatory Revolution.

From: Forbes

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Skroupa: How has the cyber security regulatory environment changed over the past several years?

Turner: Regulatory interest in cybersecurity has grown considerably and shows no signs of stopping. The FTC, which has been in this space since at least 2001, continues to pursue an active enforcement agenda, and has brought or settled more than 60 data security matters—often in the wake of data breaches—based on allegations that the company involved failed to reasonably protect consumers from data loss. Other U.S. agencies have followed suit, bringing similar actions within their sector-specific jurisdictions. The Securities and Exchange Commission, Consumer Financial Protection Bureau, Commodities and Futures Trading Commission, Department of Defense, Health and Human Services and Federal Communications Commission have all begun to flex their muscles in this area, just to name a few.

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