Non-bank financial institutions will have a new data breach disclosure requirement effective May 13, 2024. The Federal Trade Commission (FTC) recently updated the Gramm-Leach-Bliley Safeguards Rule (“Safeguards Rule”), adding...more
The financial services sector must already contend with a maze of regulations in a variety of areas, and 2023 is poised to usher in new cybersecurity regulations for the industry. Organizations should ensure their security...more
2/17/2023
/ Banking Sector ,
California Privacy Rights Act (CPRA) ,
CFTC ,
Cyber Incident Reporting ,
Cybersecurity ,
Data Protection ,
Data Security ,
Fair Credit Reporting Act (FCRA) ,
FDIC ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
Gramm-Leach-Blilely Act ,
NCUA ,
NYDFS ,
OCC ,
Popular ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC)
Cybersecurity is a growing concern for all nonprofit organizations, especially those that store, process, and transmit sensitive data. While it is common to think of the cyber issue as relevant to digital communications and...more