Safeguards Rules

FTC Makes Significant Changes to GLBA Safeguards Rule

The FTC’s final rule released last week amending its Standards for Safeguarding Customer Information (Safeguards Rule) under the Gramm-Leach-Bliley Act (GLBA) will require significant changes in data security policies and procedures to be made by non-bank financial institutions covered by the Safeguards Rule.  Such institutions include finance companies, mortgage companies and brokers, motor vehicle dealers, small-dollar…
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2020 News in Review

Week Ending December 28  ICO Warns SolarWinds Victims to Report Breaches  The United Kingdom’s Information Commissioner’s Office (ICO) has issued a warning to organizations compromised by the SolarWinds breach. The breach, which was carried out by Russian hackers, affected more than 18000 organizations worldwide. ICO requires UK data controllers subject to NIS regulations to report…
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GLB And The CCPA

No Exemptions: Banks Need to Comply With the CCPA and the GLBA

Many financial organizations are under the impression that they are not required to comply with the California Consumer Privacy Act (CCPA) because their data privacy practices are already regulated by several state and local laws, including the California Financial Information Privacy Act (CalFIPA), the Fair Credit Reporting Act (FCRA), and the Gramm-Leach Bliley Act (GLBA)…
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