September 2, 2024 at 12:08PM
The FTC proposes a $2.95 million penalty on Verkada for security failures that allowed hackers to access live video feeds from 150,000 internet-connected cameras.
Based on the meeting notes, the key takeaway is that the Federal Trade Commission (FTC) has proposed a $2.95 million penalty on security camera vendor Verkada for multiple security failures that allowed hackers to access live video feeds from 150,000 internet-connected cameras. This demonstrates a significant regulatory action in response to a serious cybersecurity breach.