The consumer protection agency on Friday announced finalized amendments to its Safeguards Rule requiring lenders that aren’t banks—including mortgage brokers and auto dealers—to report information about the scope of security incidents affecting the unencrypted data of 500 or more customers “as soon as possible,” and within 30 days at most.
Read more at Bloomberg Law
White House unveils AI executive order, requiring companies to share national security risks with feds
President Biden on Monday will sign what the White House is calling a "landmark" executive order that contains the "most sweeping actions ever taken to protect Americans from the potential risks of AI systems."
Among them is requiring that artificial intelligence developers share their safety-test results – known as red-team testing – with the federal government.
Read more at Fox News
FTC Issues Annual Report to Congress on Agency’s Actions to Protect Older Adults
Adults 60 and older report losses of $1.6 billion in 2022 to scams, investment scams are top reported by dollars lost
Read more at FTC.gov
A judge said Jones can’t use bankruptcy to avoid paying $1.1 billion he owes parents of the Sandy Hook massacre victims for airing lies about them on his talk show. That came 13 days after Cardi B scored a big victory in her battle to collect nearly $3 million from a blogger who falsely claimed, among other things, that the singer had been a prostitute and had herpes.
Read more at Bloomberg Law
