Federal Trade Commission (FTC) Issues Consent Decree with Online Retailer, Life is Good
The Federal Trade Commission recently issued a Consent Decree with online retailer ‘Life is Good.’ With more and more businesses operating online and through the internet, this is a powerful signal to U.S. businesses, implying that specific minimum cybersecurity standards are required. Companies that publicly state that consumer's personal information are protected, not only need to have security in place, but make sure they hold true to their claim. U.S. businesses should compare their IT security efforts with the FTC's baseline security requirements to ensure compliance. The FTC has produced a cybersecurity security program for retailers when they make representations…