Frank Gorman

Frank Gorman

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Updates to the Safeguards Rule Will Require Non-Banking Financial Institutions to Report Data Security Breaches to the FTC

On October 27, 2023, the Federal Trade FTC (FTC) approved amendments to its version of the Standards for Safeguarding Customer Information Rule (the Safeguards Rule) to require non-banking financial institutions regulated by...more

11/13/2023  /  Amended Rules , Covered Entities , Data Breach , Federal Trade Commission (FTC) , Financial Services Industry , Gramm-Leach-Blilely Act , Nonbank Firms , Reporting Requirements , Safeguards Rule
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