United States:
How Financial Institutions Should Strengthen Their Data Security To Comply With FTC's Updated Safeguards Rule
23 November 2021
Cooley LLP
To print this article, all you need is to be registered or login on Mondaq.com.
"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."
Read the article
(subscription required)
Originally published by Cybersecurity Law Report
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Technology from United States
AI In Retail And Consumer Products: Managing The Risks
Arnold & Porter
Artificial intelligence brings new opportunities and efficiencies to how companies conduct business, often working behind the scenes to transform day-to-day operations and how we live our daily lives.
Robot Rights: Can AI Achieve Personhood? (Video)
Gamma Law
As AI systems become increasingly sophisticated and exhibit cognition and creativity, a critical question arises: How should generative platforms be categorized from a legal standpoint?