The order follows a similar decree by the Securities and Exchange Commission for publicly traded firms to disclose incidents they deem “material.”
https://www.nationalmortgagenews.com/news/non-banks-must-report-larger-data-breaches-ftc-rules
FSOC finalizes nonbank designation rule, reversing Trump-era move
The Financial Stability Oversight Council enhanced its powers to designate non-bank financial...
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