How Financial Institutions Should Strengthen Their Data Security to Comply With FTC’s Updated Safeguards Rule
"The FTC issued a Final Rule on October 27, 2021, amending the Standards for Safeguarding Customer Information, known as 'the Safeguards Rule,' under the Gramm-Leach-Bliley Act (GLBA). The Final Rule requires non-banking financial institutions to develop, implement and maintain a comprehensive security system to keep their customers’ information safe. The FTC approved the update by a vote of 3-2."
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