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Under the Federal Trade Commission’s (“FTC”) new amendment to the Safeguards Rule (the “Amended Rule”), non-banking financial institutions will have to report certain data breaches and other security events to the agency.

Requirements

Approved on October 27, 2023 by a

In response to the constantly evolving landscape of cybersecurity threats, the National Institute of Standards and Technology (NIST) has recently updated their guidelines for Special Publication NIST 800-171, making its guidance more prescriptive, and potentially making it harder for contractors