Today's article covers the relevant federal and state laws regarding the collection and sharing of personal information, as well as the notification requirements when data breaches occur in a public or private workplace. Federal Law The Gramm-Leach-Bliley Act (the "Act") requires qualifying financial institutions to explain their information-sharing practices to their customers and to safeguard sensitive data. The FTC Safeguards Rule under the Act requires financial institutions under FTC jurisdiction to have measures in place to keep customer information secure. Disclaiming guaranteed protection of customers’ information is not an acceptable measure, and therefore not a defense.  Qualifying businesses have a... READ MORE