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Some Financial Institutions Must Report Breaches in 30 Days
By Katrina Thompson on Wed, 11/08/2023
The heat has just been turned up for companies hoping to “hide out” a data breach.
Announced October 27th, all non-banking financial institutions are now required to report data breach incidents within 30 days. The amendment to the Safeguards Rule was made by the U.S. Federal Trade Commission (FTC). It will go into effect 180 days after publication...