FTC Warns Companies To Remediate Log4j Cyber Vulnerability

When vulnerabilities are discovered and exploited, it risks a loss or breach of personal information, financial loss, and other irreversible harms. The duty to take reasonable steps to mitigate known software vulnerabilities implicates?laws including, among others, the Federal Trade Commission Act?and the Gramm Leach Bliley Act.? It is critical that companies and their vendors relying on Log4j act now, in order to reduce the likelihood of harm to consumers, and to avoid FTC legal action . . . .The FTC intends to use its full legal authority to pursue companies that fail to take?reasonable?steps to protect consumer data from exposure?as a result