Non-Bank Financial Firms Are to Report Breaches in Less Than 30 Days

The U.S. Federal Trade Commission (FTC) requires all non-banking financial institutions to report data breaches to FTC within 30 days. The amendment to the Safeguard Rule refers to security incidents that impact more than 500 people. Samuel Levine, Director of the FTC’s Bureau of Consumer Protection, stated that: Companies that handle sensitive financial information must […]

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