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Liability for Data Breaches are Minimal

Posted by ryuzaki0 on from the be-more-careful dept.

vandon submitted a Security Focus bit about liability and identity theft. The article talks about a contractor's laptop containing a half a million records of private student loan information being stolen. The court ruled that since "Reasonable" precautions had been taken, the loan company need not be held strictly liable for their customers damages.

1 of 184 comments (clear)

  1. I am so sorry by ellem · · Score: 0, Redundant

    1) Collect Data
    2) Lose Data
    3) ???
    4) Profit!

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    This .sig is fake but accurate.