The FTC’s amended Safeguards Rule requires financial institutions report security breaches within 30 days – NBC US

Why it matters: The FTC is the federal agency entrusted with promoting competition and protecting consumers in the US. The organization already has a set of rules for financial institutions to enforce consumer protection, and now there’s yet another requirement concerning security breach disclosing. The FTC’s Safeguards Rule mandates that “non-banking” financial institutions must securely

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