Wednesday, May 2nd, 2012 by David Snead in HMS News
Security is one of the defining internet issues of this decade. While there is not one distinct body of law that governs a company’s rights and responsibilities, there are methods to prioritize
compliance efforts. This issue is relatively unique to the internet space since the laws and regulations that apply come from many different areas. In recent years the
Federal Trade Commission (FTC) has taken an increasingly prominent role in responding to these problems. In addition, almost every state has some sort of law that at least requires reporting of unauthorized disclosure of information. Indeed many state laws, particularly Massachusetts and California, go substantially beyond simple breach disclosure and mitigation.
Host Merchant Services is located in Delaware. The Delaware Security Breach Notification Law can be reviewed in its entirety at
This Link.
While many agencies, such as the
SEC, have regulations that address security issues in the industries they regulate, the FTC is the agency primarily tasked with addressing internet security issues. The FTC has the authority …
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