On June 16, 2025, the Federal Trade Commission (FTC) issued FAQs that directly affect many automobile dealers, clarifying how its Safeguards Rule (the Rule), part of the FTC’s implementation of the Gramm-Leach-Bliley Act (GLBA), applies to the automotive sector. The Rule requires non-banking financial institutions to implement measures to protect customer information—and the FTC is
financial institution
FBI reports $3.1 billion lost by businesses through “business email compromise”
By Kathleen Porter & Guest Contributor on
Posted in Data Privacy, Guest Posts
This article co-authored with guest blogger David Wang, a R+C summer associate and student at Boston College Law School
Wire fraud crime has long been a problem for financial institutions and banks. However, wire fraud through email is a completely different beast. Originally characterized by law enforcement as an extension of traditional wire fraud, wire…