US Federal Trade Commission Updates Safeguards Rule for Consumer Financial Information

The US Federal Trade Commission (the FTC) released the text of a Final Rule (the Final Rule) on October 27, 2021, amending the Standards for Safeguarding Consumer Information (the Safeguards Rule). Since 2003, the Safeguards Rule has set the data security standards applicable to certain non-banking financial institutions, as defined under the Gramm-Leach-Bliley Act of … Read more