evilrouters.net

So apparently CardSystems, the company responsible for the biggest compromise of consumer credit card data in history, has settled with the Federal Trade Commission. From the eWeek article, “FTC Settles with CardSystems Over Data Breach“:

The proposed settlement requires the privately-owned company to adopt stricter security measures and have an independent audit every other year for the next 20 years.

Correct me if I’m wrong, but I don’t see anything mentioning any type of financial penalties in there. There will be a period when the FTC accepts public comment, and just like Martin McKeay (thanks for the link), I’ll be providing some feedback on this one.