Analyst Backs LabMD In FTC Row, Alleges Fraud At Tiversa

Law360, Washington (May 5, 2015, 9:16 PM EDT) -- LabMD Inc. on Tuesday scored a major hit in its data security fight with the Federal Trade Commission after a former analyst at the cybersecurity firm Tiversa Inc. testified that his company lied to the agency about the extent of LabMD's data leaks after the medical testing firm turned down its services.

Richard E. Wallace said in a hearing that during his time as one of the company’s forensic analysts from 2007 to 2014, he helped Tiversa and CEO Robert J. Boback spin lies to the FTC...
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