Companies that fail to protect consumer data from Log4J attacks are at risk of facing Equifax-esque legal action and penalties, warns the FTC.
The Federal Trade Commission (FTC) will consolidate its legal capacity to track companies and traders who fail to protect consumer data from Log4j’s risk threats, it warned on Tuesday.
“The FTC intends to exercise its full legal authority to track companies that fail to take appropriate measures to protect consumer data from exposure to Log4j, or similar known risks in the future,” the warning said.
Those companies that compile consumer data, leaving the risk unlocked and thus opening the door to exploitation and the result of “loss or breach of personal information, financial loss and other irreparable damage,” are harmful consequences associated with stricter laws imposing fuel fines, said the FTC.
Read More: Threatpost
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