On October 27, 2023, the Federal Trade Commission (“FTC”) adopted an amendment to the FTC’s Safeguards Rule that will require non-banking financial institutions to notify the FTC within thirty days of discovering a data...more
11/14/2023
/ Cyber Attacks ,
Cyber Incident Reporting ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
Financial Services Industry ,
Gramm-Leach-Blilely Act ,
Incident Response Plans ,
New Regulations ,
Non-Bank Lenders ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Safeguards Rule
On March 29, 2022, federal banking regulators issued important guidance for how banking organizations can comply with the upcoming requirement to notify regulators within 36 hours of ransomware or other disruptive...more
4/1/2022
/ Banking Regulators ,
Cyber Attacks ,
Cyber Incident Reporting ,
Cybersecurity ,
Data Breach ,
Data Protection ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
New Guidance ,
OCC ,
Popular ,
Ransomware ,
Regulatory Requirements
On November 18, 2021, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency issued a joint final rule to require banking...more
11/22/2021
/ Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Financial Institutions ,
Financial Services Industry ,
Hackers ,
Information Technology ,
New Guidance ,
Personally Identifiable Information ,
Ransomware ,
Regulatory Requirements ,
Risk Management ,
Vulnerability Assessments