Wyndham Worldwide Corp. will set up a wide-ranging information security program to protect cardholder data as part of a settlement reached with the US Federal Trade Commission to end a case, filed in 2012, that effectively clarified the commission’s authority to regulate data security practices.
Wyndham is not required to pay any monetary fine but its obligations under the settlement will last for 20 years. The settlement does not apply to any other categories of personally identifiable information
“We chose to defend against this litigation based on our strong belief that we have had reasonable data security in place, and that the FTC’s position could have had a negative impact on the franchise business model,” said Wyndham, in a statement. “This settlement resolves these issues, and sets a standard for what the government considers reasonable data security of payment card information.
Read more at http://www.advisenltd.com/2015/12/10/wyndham-agrees-to-settle-landmark-legal-battle-with-ftc-over-data-breaches/
Hemenway, Chad. ‘Wyndham agrees to settle landmark legal battle with FTC over data breaches’. ©2015 Advisen Ltd. 16 December 2015.
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