This comes from a recent news bulletin published by Heit – a solution provider in Colorado, thanks Tom! Listen to what’s happening. There’s a trend here that may change the kind of liability business owners have when it comes to their customer’s data. One that demands some attention from the top.
“A couple whose bank account was breached can sue their bank for its alleged failure to implement the latest security measures designed to prevent such compromises. In a ruling issued last month, Judge Rebecca Pallmeyer, of the District Court for the Northern District of Illinois, denied a request by Citizens Financial Bank to dismiss a negligence claim brought against it by Marsha and Michael Shames-Yeakel. The Crown Point, Ind. couple — customers of the bank — alleged that Citizens’ failure to implement up-to-date user authentication measures resulted in the theft of more than $26,000 from their home equity line of credit.” To read more, here is one of several articles online. While IT people generally don’t have any liabilty, the business owners and executive managers do. Once again, it is critical that you find the asset owners if you want to create new business opportunity.