Why industry groups are wary of stronger FTC cybersecurity oversight

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With a federal appeals court reaffirming the Federal Trade Commission's regulatory authority of data security practices, the question now becomes: Just how powerful will the agency become in overseeing matters of privacy and cybersecurity?

Congress is already considering several bills that could expand the role of the FTC to police corporate cybersecurity, and President Obama’s draft Consumer Privacy Bill of Rights Act would also give the agency more power over industry. Now, many industry groups are worried that at a time when corporations are dedicating more money and resources to protect data from criminal hackers, they'll also face more regulatory oversight and hefty fines from the government for data security practices.


Why industry groups are wary of stronger FTC cybersecurity oversight