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FTC seeks data security audit reports
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Banking, Consumer Protection
Tuesday, March 15, 2016
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One week after the Consumer Financial Protection Bureau issued its first data-security enforcement action, the Federal Trade Commission issued orders to nine companies, requiring them to provide information on how they conduct assessments that measure compliance with the Payment Card Industry Data Security Standards. Companies are asked to disclose their pricing structure for assessments, the extent to which a client or third party is permitted to provide input, and more.
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