Non-Bank Financial Firms Must Now Report Breaches in 30 Days | Sync Up

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Non-Bank Financial Firms Must Now Report Breaches in 30 Days | Sync Up

For non-banking financial institutions, a change is on the horizon. We’ll cover how the FTC’s new mandate on reporting breaches will affect your operations as we sit down and sync up with Rocket IT’s weekly technology update.

Sync Up with This Week’s Technology News
In this episode, you’ll hear about:

  • Non-banking financial institutions face significant changes due to the FTC’s new mandate.
  • How amendment introduces an additional layer of security for safeguarding sensitive customer information.
  • Why promptly reporting data breaches within 30 days is vital to protect your reputation and customer trust.
  • How strong encryption practices can exempt your organization from reporting breaches.
  • How to maintain a balance between transparency and aiding investigations is essential when handling security incidents.