News & Analysis as of

Gramm-Leach-Blilely Act New Amendments Cyber Incident Reporting

Constangy, Brooks, Smith & Prophete, LLP

FTC cyber breach notification rules: If you’re a non-banking financial institution, here’s what you need to know.

Financial institutions are now required to notify the Federal Trade Commission about any security breach that involves the information of 500 customers or more. The breach must be reported no later than 30 days after it is...more

Paul Hastings LLP

FTC Approves New Incident Reporting Requirements for Safeguards Rule

Paul Hastings LLP on

The Federal Trade Commission (the “FTC”) approved last week an amendment to its Safeguards Rule that will institute new data breach notification requirements for non-bank financial institutions....more

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