FTC Amends GLBA Safeguards Rule to Require Reporting of Certain Data Breaches

Squire Patton Boggs – The FTC has approved an amendment to the Safeguards Rule promulgated under the federal Gramm-Leach-Bliley Act requiring non-bank financial institutions subject to the FTC’s jurisdiction to report to the FTC data breaches affecting 500 or more people.