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Daily Dashboard | LabMD: FTC Investigation Forced Closure Related reading: 2018 IAPP-EY Privacy Governance Report

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Atlanta-based LabMD shut down its operations this week due to the ongoing Federal Trade Commission (FTC) investigation over a data breach there, Computerworld reports. LabMD CEO Michael Daugherty says the FTC’s investigation is an “abuse of power” and has accused the FTC of overstepping its authority in its pursuit of LabMD. He added that the small company is “exhausted” from the last four years, during which the FTC has subpoenaed dozens of LabMD employees, required executives to travel to give depositions and requested information from the company.
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