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Daily Dashboard | FTC updates Safeguards Rule to better protect consumers’ financial data Related reading: A view from Brussels: EDPS sends signal on data transfers 

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  • The U.S. Federal Trade Commission announced updates to the Safeguards Rule, requiring financial institutions to develop, implement and maintain a comprehensive system to protect customers’ financial data. The updates “detail common-sense steps that these institutions must implement to protect consumer data from cyberattacks and other threats,” Bureau of Consumer Protection Director Samuel Levine said.
  • The FTC is looking into internal Facebook research documents, including whether they indicate that the platform violated a $5 billion settlement with the agency in 2019 over privacy concerns, The Wall Street Journal reports.
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