28 Jul For FTC and LabMD, a turning point is reached with no endgame in sight
For FTC and LabMD, a turning point is reached with no endgame in sight (July 27, 2016) – LabMD Inc. CEO Michael Daugherty seems to be winning in the court of public opinion. Now all he has to do is win in federal court and at the Federal Trade Commission. For cybersecurity pros, the more important decision is the one the FTC is due to make July 28 after its original June 16 deadline was delayed “to give full consideration of the issues presented.” In the first FTC data breach case to go this far without settling, as some 60 other companies have done over the years, LabMD is challenging whether a minor data leak of dubious origins that led to no consumer harm is subject to the FTC’s authority.
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Credit: Congressional Roll Call