FTC Expands Data Breach Reporting Requirements to Nonbank Financial Firms
The Federal Trade Commission has altered its data security rule, known as the Safeguards Rule, to require nonbank financial firms—including mortgage brokers, auto dealers, and payday lenders—to report data breaches to the agency, according to an announcement made Friday. The FTC’s Safeguards Rule requires non-banking financial institutions, such as mortgage brokers, Read More