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Print PDF Craig Newman quoted in The Wall Street Journal article regarding LabMD, Inc. wind down

January 29, 2014

Richards Kibbe & Orbe LLP partner Craig Newman was recently quoted in a WSJ Risk & Compliance Journal article about the ongoing cybersecurity battle between the Federal Trade Commission and the medical testing laboratory, LabMD Inc.   LabMD has claimed that the defense costs associated with an FTC investigation and related litigation over an alleged patient-information data-security breach has left the company nearly bankrupt. 

Mr. Newman commented on the difficulties that companies can face in complying with FTC data security regulations.  “The agency has not issued detailed regulations to help businesses understand what sort of cybersecurity requirements it expects,” he said. 

Click here to read "FTC Cyber Case Has Nearly Put Us Out of Business, Firm Says."