CardSystems Solutions Inc. Settles With FTC
An AP newswire article by Jennier C. Kerr, via The Washington Post, reports that:
A data breach that left some 40 million customer accounts vulnerable to hackers will lead to tighter security measures to protect millions of credit and debit card users, officials at the Federal Trade Commission said Thursday.More here.
CardSystems Solutions Inc. has settled charges that the company broke the law by failing to ensure adequate safeguards for sensitive customer information. The settlement calls for better safeguards to protect consumer data.
The FTC could not seek civil penalties under the law it accused CardSystems of violating.
posted by Fergie @ 2/23/2006 12:31:00 PM
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