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FTC seeks comment on proposed amendments to safeguards and privacy rules

CFPB Monitor

Requiring periodic reports submitted to the boards of directors to ensure compliance. The proposed amendments to the Safeguards Rule will better align the rule with prevailing cyber security standards, such as the NY DFS cybersecurity regulations and the NIST framework.

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Analysts Challenge US House Data On SME Cybersecurity

PYMNTS

House Committee passed proposed legislation last week that would require the National Institute of Standards and Technology (NIST) to create cybersecurity guidelines developed specifically for SMEs. Further, Kaspersky Lab found that 63 percent of FIs believe regulatory compliance doesn’t necessarily guarantee security.

Data 101
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Four 2023 U.S. Policy Predictions for Financial Services Companies

FICO

The Consumer Financial Protection Bureau (CFPB) has indicated it will publish rules , not guidelines, aimed at strengthening consumers’ control over and providing portability of their financial account data, sometime in 2023. For Public Companies, Cybersecurity Compliance with New SEC Rules will be a Top Priority.