The Federal Trade Commission (FTC or Commission) has amended its Standards for Safeguarding Customer Information, commonly known as the "Safeguards Rule," to require non-bank financial institutions to report certain data...more
A reminder to non-bank financial institutions subject to the Gramm-Leach-Bliley Act (GLBA): the deadline to comply with the Federal Trade Commission's (FTC) revised Standards for Safeguarding Customer Information, commonly...more
5/19/2023
/ Compliance ,
Cybersecurity ,
Deadlines ,
Department of Education ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
FTC Act ,
GLBA Privacy ,
Investment Adviser ,
Multi-Factor Authentication ,
New Rules ,
Popular ,
Risk Assessment ,
Safeguards Rule ,
Third-Party Risk
Regulators, both in the United States and around the globe, are showing greater concern about the potential risks of using generative artificial intelligence (AI) systems for commercial and business purposes. The Federal...more
The federal government continues to put pressure on cloud service providers. On March 22, 2023, the Federal Trade Commission (FTC) issued a Request for Information (RFI) seeking public input on the market power and business...more
On November 15, 2022, the Federal Trade Commission (FTC) announced a six-month extension of the deadline to comply with most provisions of its new Safeguards Rule. Covered "financial institutions" under the Safeguards Rule,...more
The Federal Trade Commission (FTC) may have just taken its first steps towards the creation of generally applicable federal privacy and security rules. On Aug. 11, 2022, the FTC published an advance notice of proposed...more
TThe Federal Trade Commission (FTC) recently published a blog post asserting that Section 5 of the FTC Act may require companies to notify individuals of breaches of their personal data, even where there is no specific breach...more
Since first announced in December 2021, the critical Log4j vulnerability has stolen the attention of many cybersecurity professionals. The Federal Trade Commission (FTC) has taken notice too....more
The Federal Trade Commission (FTC) recently announced significant new information security requirements for non-bank financial institutions subject to the Gramm-Leach-Bliley Act (GLBA). The new requirements are incorporated...more
On Wednesday, the White House released a widely anticipated Executive Order on Improving the Nation’s Cybersecurity (EO). The EO addresses four major areas of cybersecurity maturity for the federal government and its private...more