FTC orders non-bank financial firms to report breaches in 30 days

The US Federal Trade Commission has amended the #SafeguardsRules, mandating all non-banking financial institutions report data breach incidents within 30 days.

It applies to security incidents that impact 500 or more consumers, especially if unauthorized third parties accessed unencrypted information.

#FTC #databreach #data #bigdata #security #cyberecurity #infosec #hackers #hacking #finance #banking

https://www.bleepingcomputer.com/news/security/ftc-orders-non-bank-financial-firms-to-report-breaches-in-30-days/

FTC orders non-bank financial firms to report breaches in 30 days

The U.S. Federal Trade Commission (FTC) has amended the Safeguards Rules, mandating that all non-banking financial institutions report data breach incidents within 30 days.

BleepingComputer