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FTC approves rule giving non-banking financial institutions 30 days to report data breaches
Oct. 27, 2023, 7:15 p.m. |
The Record by Recorded Future therecord.media
The Federal Trade Commission has approved a new rule that will make it mandatory for non-banking financial institutions to report data breaches and security events within 30 days. The regulation is an amendment to the Safeguards Rule, which governs mortgage brokers, motor vehicle dealers and payday lenders. “Companies that are trusted with sensitive financial information
banking breaches brokers data data breaches events federal federal trade commission financial financial institutions ftc government industry institutions mortgage motor vehicle non payday regulation report safeguards security security events trade vehicle
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