Money transmitters; require to implement certain data security measures and customer protections.

Summary

The bill obligates any money‑transmitter or virtual‑currency kiosk licensed in Mississippi to create and enforce an information security program, name a qualified overseer, and conduct risk assessments. It also mandates notification to the state banking commissioner when unencrypted customer data is obtained without permission, and adds training on elder‑financial‑abuse and disclosure requirements for transactions. The measures aim to better protect consumers’ personal and financial information.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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