Case Study: When Government Oversight Goes Wrong
After any significant breach, many parties - ranging from customers, clients, business partners and government agencies - will demand clarity about how a breach occurred and what data was stolen.
See Also: Building the Modern SOC
In the U.S., the Federal Trade Commission acts to ensure that any given organization is not negligent or reckless with consumers' private information. But upon what information does the FTC act? In Canada, the FTC's counterpart is the Competition Bureau; and, like the FTC, it is responsible for stopping deceptive marketing practices in Canada. What's more, the FTC and the Competition Bureau have an "agreement," to share information about breaches and companies that they feel are not adequately protecting consumer data.
Actions taken by the FTC will affect Canadian businesses.
This session will focus on a specific case where the FTC relied on highly suspect information obtained by, for all intents and purposes, a "faux" breach of a cancer-screening service, to launch an investigation that resulted in a protracted legal fight that ultimately led to the collapse of the allegedly breached organization, LabMD. Michael Daugherty, founder, president and CEO of LabMD and the author of the book "The Devil Inside the Beltway," will share his story of what to expect when the government launches an investigation. He'll then join in a discussion with Randy Sabett, vice chairman of the Privacy and Data Protection Practice Group at law firm Cooley LLP, about how laws in various international jurisdictions are impacting companies just like LabMD.
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