FTC warns of potential penalties for firms that fail to fix Log4j software flaws
The Federal Trade Commission Tuesday warned companies that if they fail to take action to remedy a major recent software vulnerability in open-source software tool Log4j, there could be legal repercussions. “When vulnerabilities are discovered and exploited, it risks a loss or breach of personal information, financial loss, and other irreversible harms,” the agency warned. “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.” Log4j is ubiquitous in software used throughout the technology industry, and is found in products built by companies including Amazon, Google and Microsoft. The widespread use of such technology has made it difficult to identify potential victims. At the same time, the popularity has made it an easy target for a range of cybercriminals to exploit. The warning shot from the top consumer protection agency comes […]
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