Cisco FCA Deal Shows Viability Of Cybersecurity Qui Tams
Law360 (August 5, 2019, 4:07 PM EDT) -- For years, practitioners have warned that a company’s failure to adequately remedy a known cybersecurity vulnerability could create liability under the False Claims Act and its state analogues.
The $8.6 million FCA settlement between Cisco Systems Inc. and the federal and several state governments that was unsealed on July 31, 2019, proves that such cases are viable. While the amount of the settlement is modest compared to some blockbuster FCA settlements, it will likely be just the first of many given the chronic problems that companies have with cybersecurity and the rewards available to whistleblowers under the FCA.
The lawsuit started...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!