SC Magazine: Security and tech executives like Target’s former CIO won’t be the only ones in the cross-hairs after a data breach — corporate board members and other executives may soon bear some of the liability if a lawsuit filed by a Wyndham Worldwide Corporation shareholder sets a precedent.
Wyndham shareholder Dennis Palkon filed a derivative suit against the hotel chain in U.S. District Court, District of New Jersey, on February 2, accusing Wyndham Worldwide board directors and officers, as well as the chain itself, of failing “to take reasonable steps to maintain their customers’ personal and financial information in a secure manner” after the company was wracked by three breaches between April 2008 and January 2010.
