May 16, 2006
The Federal Trade Commission's 13th data security case was brought against a title company for violations of the Gramm-Leach-Bliley Act, Section 5 of the FTC Act, and practices that potentially violated the Fair and Accurate Credit Transactions Act. The action against Nations Title Agency, Inc., Nations Holding Company, and their president, Christopher Likens, commenced after Nations Title Agency's computer network was hacked in April 2004. Separately, ten months later, documents containing consumers' sensitive personal information were discovered in a dumpster outside Nations Holding Company offices. The settlement will require the respondents to implement a comprehensive information security program and obtain audits by an independent third party security professional every two years for twenty years.