Online Money, a company based in Denver, Colorado, provides…
Online Money, a company based in Denver, Colorado, provides online services that allow its one million customers to make electronic transactions using digital currencies. In October 2023, Online Money learned that hackers had stolen a total of $500,000 from customers. After a brief internal investigation by the incident response team, Online Money learned that these hackers had gained access to the company’s system when two security keys required to access the company’s systems were stored on the same device. Online Money’s CEO is aware that the company must comply with state data breach notification laws but worries that the company must also protect personal data under state comprehensive privacy laws. According to the NIST Cybersecurity Framework, Online Money likely should: