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Publications

Apr 2008
01
April 01, 2008

The Price of Protecting Privacy--Proposed Regulation S-P Amendments


A “comprehensive information security program” is in your future when the Securities and Exchange Commission (“SEC”) adopts amendments to Regulation S-P, Privacy of Consumer Financial Information and Safeguarding Personal Information (“Regulation S-P”).1  For most SEC-regulated firms it will be expensive, both in time and money, to develop, implement, maintain, test and, upon regulatory examination, defend the adequacy of your program—but failing to implement a robust program has its own risks.  Unauthorized access to personal information about your customers—or your employees—will trigger reporting obligations to all affected individuals and, in most instances, your primary regulator.  Can civil liability be far behind? Read the entire article here.
NSCP Currents

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