FTC Breach-Related Actions Could Influence Other AgenciesAttorney Chris Pierson on How FTC Probes May Spur More Regulatory Oversight
Cybersecurity attorney Chris Pierson says recent Federal Trade Commission actions linked to data security and breach response could influence other governmental agencies.
The FTC has been imposing steeper penalties against companies that expose sensitive consumer information, such as payment card data. Plus, the commission recently requested that several qualified security assessors, or QSAs, provide details about the ways they assess compliance with the Payment Card Industry Data Security Standard (see Could FTC Play Bigger Role in Card Security?).
"What they're [the FTC] really trying to do is keep up with where things are heading," Pierson says during this video interview at Information Security Media Group's recent Fraud and Data Breach Summit in San Francisco.
In the interview, Pierson discusses:
- How the FTC's actions could impact other government agencies, such as the FCC, which also has a keen interest in ensuring consumer privacy;
- Steps companies should take now to ensure they are prepared for FTC scrutiny.
Pierson is general counsel and CISO for invoicing and electronic payments provider Viewpost. He also serves on the Department of Homeland Security's Data Privacy and Integrity Advisory Committee and Cybersecurity Subcommittee. Before joining Viewpost, Pierson served as the first chief privacy officer for the Royal Bank of Scotland's U.S. banking operations, where he oversaw RBS's privacy and data protection program. He also formerly served as a corporate attorney at the law firm Lewis and Roca, where he established the firm's cybersecurity practice.