ELEK MILLER WRITES GUIDANCE ON DATA PROTECTION IN THE FINANCIAL SECTOR IN MAINE
December 18, 2020
Maine has adopted a number of laws governing how certain financial institutions must treat individuals' information. Several other state laws addressing the privacy and security of specific types of information, such as personnel records, may also apply to financial institutions and the financial sector. This published guidance covers a variety of topics including personal and financial data management, financial reporting and money laundering, banking secrecy and confidentiality, insurance, payment services, data transfers and outsourcing, breach notification, enforcement, and other areas of interest.