FTC opens sessions on consumer data security issues, with panelists citing market failures and inadequate laws

Panelists today highlighted deficiencies in current state breach-notification laws and potential market failures when it comes to driving cybersecurity improvements, as the Federal Trade Commission opened two days of hearings focused on consumer data security issues. 

“It does not seem as though there are proper incentives for organizations to change the way they do business and as a result, we continue to see breaches occur,” Al Pascual, senior vice president for research and head of fraud and security at Javelin...