Inside Cybersecurity: Data privacy group EPIC offers support for FTC incident reporting rule, amid industry concerns

The Electronic Privacy Information Center, an advocate for consumer privacy and digital rights, is praising the Federal Trade Commission’s proposed cyber incident reporting requirement for financial entities and said it will incentivize better security practices and promote transparency around “security events.”

Among a handful of proposed changes, EPIC called for adding a consumer notification requirement to the rule.

A comment period closed Monday on an FTC proposal to amend the Safeguards Rule by requiring financial entities subject to the…