FTC Eyes Vendor Oversight in Safeguards Rule Settlement
By EsqSocial Corporation 04/01/21
On December 15, 2020, the FTC announced a proposed settlement with Ascension Data & Analytics, LLC, a mortgage industry analytics company, related to alleged violations of the Gramm-Leach-Bliley Act’s (GLBA) Safeguards Rule. In particular, the FTC claimed that Ascension Data & Analytics’ vendor, OpticsML, left “tens of thousands of consumers[’]” sensitive personal information exposed “to anyone on the internet for a year” due to an error configuring the server and the storage location. The FTC...
By: Bradley Arant Boult Cummings LLP