Target's Fraud Case: The Federal Trade Commission Act

Data breaches caused by illegal hacking at Target were in themselves tragedies and worrisome events; not only for the company, but for the customers in general who shop at the store locations nation-wide. However, considering various steps taken by Target upon realization of the breaches, it is hard to defend or picture exact wrongful doings or violation of laws by Target. Let’s keep in mind that electronic data and information breaches are hard to prevent; this is mostly due to interconnectivities of globally devices. As such, laws do not persecute companies for hackers breaking into their networks; instead, there are laws binding companies to put required secure methods and practices in place to mitigate hacking or data thefts; also, once a breach is noticed, laws require that such incident be reported immediately and those affected be notified. Here's what happened after; "Target alerted authorities and financial institutions immediately after we discovered and confirmed the unauthorized access, and we are putting our full resources behind these efforts." This was a brave, timely and right …show more content…
Nevertheless, some businesses cover those kinds of breaches to safe their investments and customer base; thereby violating the FTC Act. On the other hand, Target avoided this kind of violation by the revelations of the data breaches it suffers. Also, with regards to the Financial Services Modernization Act (Gramm-Leach-Bliley Act (GLB)), which regulates the collection, use and disclosure of financial information, Target by every means did not violate this law; reason being, the company suffers from hacking incidences like any company do including the Governmental