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What Businesses Must Know About the New Federal Trade Commission Amendments on the Safeguards Rule | Hinshaw & Culbertson - Privacy, Cyber & AI Decoded

What Businesses Must Know About the New Federal Trade Commission Amendments on the Safeguards Rule | Hinshaw & Culbertson - Privacy, Cyber & AI Decoded
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Vendor Management Fail: FTC Settles with Mortgage Analytics Company following Vendor Security Issues | Mintz - Privacy & Cybersecurity Viewpoints

To embed, copy and paste the code into your website or blog: An oft-used business management concept is to “hire people smarter than you.” The concept also applies to hiring vendors – hire vendors that are better than you (especially when it comes to information security). Texas-based Ascension Data & Analytics LLC (Ascension), a technology and data analytics company used by the mortgage industry, did not utilize that concept in its vendor hiring process, and as a result, recently entered into a proposed settlement agreement with the Federal Trade Commission (FTC) following charges that it violated the Gramm-Leach-Bliley Act’s (GLBA) Safeguards Rule by failing to ensure that its third-party vendor adequately protected mortgage holder personal information.

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