The Federal Trade Commission can sue organizations that have poor IT security practices. The ruling was part of a lawsuit between the FTC and hotel chain Wyndham. The court said that companies must exercise reasonable care in securing their systems. The Blackstone Group has created its own security stack for 100 companies in its portfolio. Experts say CSOs must evolve with the changing definition of reasonable care in protecting information and systems. Some industries still must still define security standards through their own regulatory and compliance requirements.”]
Source: https://www.csoonline.com/article/2984673/ftcs-actions-put-csos-on-high-alert.html