The FTC just approved an amendment to the Safeguards Rule, now requiring non-banking institutions, like mortgage brokers, motor vehicle dealers, and payday lenders, to report specific data breaches and security incidents. This strengthens the data security safeguards under the Safeguards Rule for financial institutions, enhancing customer data protection. You can read more about the amendment here: If you are concerned that your business does not have efficient safeguards in place to protect your data, call us at 954-424-1235 x1 for a free consultation.