DataBreaches.Net

Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report
Menu

Looking Ahead to the FTC’s Implementation of the Data Breach Notification Rule for Nonbanking Financial Institutions

Posted on January 26, 2024 by Dissent

Alexander Boyd , Colin H. Black of Polsinelli PC write:

Beginning on May 13, 2024, nonbanking “financial institutions” must notify the Federal Trade Commission (“FTC”) within 30 days of discovering a data breach involving the nonpublic personal information of at least 500 consumers. These covered organizations can include a wide variety of companies that engage in financial activities but that are not directly regulated by federal banking regulators, including automobile dealerships, higher educational institutions participating in federal student financial aid programs, mortgage lenders or brokers, tax preparation firms, travel agencies, and others. These organizations are already required to implement certain information security protections pursuant to the FTC’s Safeguards Rule. The FTC’s new data breach notification requirement will provide the FTC with a critical tool to ensure that organizations are properly safeguarding consumer data.

Read more at The National Law Review.

No related posts.

Category: Breach LawsCommentaries and AnalysesFederalLegislationOf NoteU.S.

Post navigation

← Zero-day, supply-chain attacks drove data breach high for 2023
HHS Releases New Voluntary Performance Goals to Enhance Cybersecurity Across the Health Sector and Gateway for Cybersecurity Resources →

Now more than ever

"Stand with Ukraine:" above raised hands. The illustration is in blue and yellow, the colors of Ukraine's flag.

Search

Browse by Categories

Recent Posts

  • Hunters International to provide free decryptors for all victims as they shut down (1)
  • SEC and SolarWinds Seek Settlement in Securities Fraud Case
  • Cyberattacks Disrupt Iran’s Bread Distribution, Payments Remain Frozen
  • Hacker with ‘political agenda’ stole data from Columbia, university says
  • Keymous+ Hacker Group Claims Responsibility for Over 700 Global DDoS Attacks
  • Data breach reveals Catwatchful ‘stalkerware’ is spying on thousands of phones
  • DOJ investigates ex-ransomware negotiator over extortion kickbacks
  • Hackers Using PDFs to Impersonate Microsoft, DocuSign, and More in Callback Phishing Campaigns
  • One in Five Law Firms Hit by Cyberattacks Over Past 12 Months
  • U.S. Sanctions Russian Bulletproof Hosting Provider for Supporting Cybercriminals Behind Ransomware

No, You Can’t Buy a Post or an Interview

This site does not accept sponsored posts or link-back arrangements. Inquiries about either are ignored.

And despite what some trolls may try to claim: DataBreaches has never accepted even one dime to interview or report on anyone. Nor will DataBreaches ever pay anyone for data or to interview them.

Want to Get Our RSS Feed?

Grab it here:

https://databreaches.net/feed/

RSS Recent Posts on PogoWasRight.org

  • Record-Breaking $1.55M CCPA Settlement Against Health Information Website Publisher
  • Ninth Circuit Reviews Website Tracking Class Actions and the Reach of California’s Privacy Law
  • US healthcare offshoring: Navigating patient data privacy laws and regulations
  • Data breach reveals Catwatchful ‘stalkerware’ is spying on thousands of phones
  • Google Trackers: What You Can Actually Escape And What You Can’t
  • Oregon Amends Its Comprehensive Privacy Statute
  • Wisconsin Supreme Court’s Liberal Majority Strikes Down 176-Year-Old Abortion Ban

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Contact Me

Email: info[at]databreaches.net

Mastodon: Infosec.Exchange/@PogoWasRight

Signal: +1 516-776-7756

DMCA Concern: dmca[at]databreaches.net
© 2009 – 2025 DataBreaches.net and DataBreaches LLC. All rights reserved.