Topic
Data Breach
3,441 published works
The Data Advisor
FTC Amends Safeguard Rule with Requirement for Non-Banking Financial Institutions to Report Data Security Breaches
By Madeline Cimino, Maneesha Mithal, Demian Ahn, Libby Weingarten
On October 27, 2023, the Federal Trade Commission (FTC) announced it is amending the Safeguards Rule of the Gramm-Leach-Bliley Act (GLBA) to include a requirement for non-bank financial institutions to report certain…
The Matrix
FTC Adds Data Breach Reporting Requirement to Its GLB Safeguards Rule Applicable to Nonbank Financial Institutions
Last week, the FTC amended its Gramm-Leach-Bliley Safeguards Rule, supplementing the additions to the rule that it announced in 2021 and that have been in effect since June 2023. The…
Data Privacy + Cybersecurity Insider
Privacy Tip #378 – Bad Actors Selling Data of 23andMe Users of Ashkenazi Jewish and Chinese Descent
We previously reported on the unfortunate data breach suffered by 23andMe last month and its implications. We never imagined how horrible it could be. According to an October 6, 2023,…
Workplace Privacy, Data Management & Security Report
Federal Trade Commission Expands Rule Regarding Reporting of Data Security Breaches
The Federal Trade Commission (FTC) has approved an amendment to its Safeguards Rule that will require non-banking financial institutions to report certain data breaches (or “notification events”) to the FTC…
Consumer Finance and Fintech Blog
FTC Amends Safeguards Rule, Requires Non-Banks to Report Data Security Breaches
By Moorari Shah, A.J. Dhaliwal
On October 27, the FTC has approved an amendment to the Safeguards Rule that would require non-banking institutions to report certain data breaches and other security events to the agency.…
Perkins on Privacy
FTC Announces Data Breach Reporting Obligation Under GLBA Safeguards Rule
By Rebecca Engrav, Amelia M. Gerlicher, Janis Kestenbaum, Aaron Haberman
Under an amendment to the Safeguards Rule under the Gramm-Leach-Bliley Act announced on October 27, 2023, the Federal Trade Commission will require a broad range of nonbank financial institutions to…
Workplace Privacy, Data Management & Security Report
New York AG Remains Active On The Data Security Enforcement Front
In yet another example of its focus on imposing greater data security accountability, the New York Attorney General (“NYAG”) recently announced a significant settlement with Marymount Manhattan College (“the College”). …
Data Protection Report
NYDFS finalizes cybersecurity rule amendments
By David Kessler (US), Susan Ross (US)
On November 1, 2023, the New York Department of Financial Services (NYDFS) finalized the second amendment to its cybersecurity regulations, which are available here. The rules contain the provisions we…
Consumer Finance Monitor
FTC announces new Safeguards Rule breach notification requirements
By Philip N. Yannella, Timothy Dickens
On October 27, the Federal Trade Commission (“FTC”) unanimously voted to amend the Safeguards Rule to require non-banking financial institutions, such as mortgage brokers, motor vehicle dealers, and payday lenders,…
Data Protection Report
FTC amendment to Safeguards Rule
By Dan Pepper (US), Elyssa Diamond (US)
Under the Federal Trade Commission’s (“FTC”) new amendment to the Safeguards Rule (the “Amended Rule”), non-banking financial institutions will have to report certain data breaches and other security events to…