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The FTC's amended Safeguards Rule requires financial institutions report security breaches within 30 days
Oct. 31, 2023, 6:14 p.m. | Alfonso Maruccia
TechSpot www.techspot.com
The FTC's Safeguards Rule mandates that "non-banking" financial institutions must securely manage and store their customers' information. This requirement applies to organizations such as mortgage brokers, motor vehicle dealers, and payday lenders, necessitating the development, implementation, and maintenance of a comprehensive security program for safeguarding customer data.
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banking breaches brokers customer customers development financial financial institutions ftc implementation information institutions maintenance manage mortgage motor vehicle non organizations payday program report safeguards security security breaches security program store vehicle
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