Saturday, September 29, 2007

TD Ameritrade Lawsuit

I wonder if the era of infosec-driven lawsuits is finally here to stay? I've been figuring on a big rise in lawsuits one of these years. A number of things can motivate companies to do a better job of information security risk mitigation: laws, legal enforcement, standards, best practices, statistics, news stories.

But short of Sarbanes-Oxley and perhaps lawsuits, few things provide real drive, other than a desire by company leadership to do the right thing and protect customer data. Alternatively, lawsuits may simple push negligent companies to focus on covering their butts, legally speaking, rather than simply demonstrating due care and implementing basic information security controls. Can we say that malpractice lawsuits have improved healthcare?

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