By Kyle Brasseur2023-10-30T14:28:00
Nonbank financial institutions must report certain data breaches to the Federal Trade Commission (FTC) within 30 days of discovery under a new amendment to the agency’s Safeguards Rule.
The update to the rule, announced Friday, applies to cybersecurity incidents where the unencrypted information of at least 500 consumers is acquired without authorization. Covered entities must inform the FTC regarding the types of information accessed, the date range of the event, and the number of individuals affected.
The new requirement is scheduled to take effect 180 days after publication in the Federal Register.
2023-12-15T13:38:00Z By Kyle Brasseur
Software company Adobe disclosed it could face “significant monetary costs or penalties” resulting from an ongoing Federal Trade Commission investigation into its disclosure and subscription cancellation practices.
2023-04-27T18:43:00Z By Aaron Nicodemus
The protection of customer personal data by branch offices of broker-dealers and investment advisers should be just as robust—and as well-coordinated—as protocols used by the firm’s home office, according to the Securities and Exchange Commission.
2023-03-15T17:45:00Z By Kyle Brasseur
The Securities and Exchange Commission proposed amendments to its regulation requiring broker-dealers, investment companies, and registered investment advisers to establish policies and procedures to safeguard customer records and information.
2025-08-22T19:05:00Z By Adrianne Appel
Businesses operating in California will need to meet new, first-in-the-nation privacy requirements for cybersecurity, risk assessments, and automated decision-making technology, under a large expansion of rules by the state.
2025-08-18T17:44:00Z By Aly McDevitt
The U.S. Department of Justice has filed two lawsuits against the California Air Resources Board, claiming it no longer has the legal right to enforce strict emissions rules for heavy-duty trucks.
2025-08-14T15:13:00Z By Ruth Prickett
Navigating tariffs and sanctions is becoming a core part of compliance for many companies. As the U.S. and others use economic policies for political aims, compliance teams must adapt to this new geoeconomic trend.
Site powered by Webvision Cloud