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SEC Regulation Changes, Deepfake Detection Surge, and Microsoft's MFA Enforcement
The Security and Exchange Commission (SEC) has recently adopted changes to Regulation S-P, which now requires financial institutions to disclose security breaches within 30 days of learning about them. These amendments also expand safeguards and disposal rules, mandate written compliance records, and extend the rules to transfer agents. The primary goal of these new requirements is to protect the privacy of customers' financial data and ensure prompt notification in case of a breach.
The EPA has issued an enforcement alert warning about the increasing frequency and severity of cyber attacks…
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