Core Blood Bank settles with FTC over alleged security breach impacting 300,000 consumers

Cord Blood Bank (CBR Systems, Inc). has agreed to settle Federal Trade Commission charges which said that it failed to protect customers' personal information. Inadequate security practices contributed to a breach of Social Security numbers and credit and debit card numbers of almost 300,000 consumers in December 2010. FTC continually is trying to protect the security and confidentiality of sensitive health and financial information, requiring CBR Systems, to establish and maintain an information security program, an announcement on the FTC website states. Announcement