In the wake of a federal appeals court’s decision giving the Federal Trade Commission authority to come down on companies with inadequate cybersecurity, legal observers said the lack of clear regulation and the FTC’s newfound power will mean a surge in lawsuits.
The decision spawned from a case before the U.S. Court of Appeals for the Third Circuit in which the court ruled that the Wyndham hotel chain, sued by the FTC, could be held responsible for three data breaches of its computer network that resulted in $10.6 million in fraudulent charges to customers’ credit cards.
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