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Non-Bank Financial Firms Are to Report Breaches in Less Than 30 Days

Heimadal Security

Federal Trade Commission (FTC) requires all non-banking financial institutions to report data breaches to FTC within 30 days. The amendment to the Safeguard Rule refers to security incidents that impact more than 500 people.

Banking 91
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Data Breaches, Class Actions and Ambulance Chasing

Troy Hunt

This post has been brewing for a while, but the catalyst finally came after someone (I'll refer to him as Jimmy) recently emailed me regarding the LOQBOX data breach from 2020. As far as breaches go, it was a bit of a non-event. A data breach made you sad and now you want money for being sad? But not to Jimmy.