A rule of order having the force of law, prescribed by a superior or competent authority, relating to the actions of those under the authority's control.

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Are there any regulations regarding password storing schemes in the EU or US?

I'm interested in the existence of regulations (mostly EU, but US is also relevant) that particularly state some minimal requirements on the schemes used for storing passwords, applicable for ...
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Compliant login process

Working with a developer to update a login system through a web-UI: Currently, we use: Enter login ID Goes through Challenge/Step-up Based on results: Challenge/Step-up User is presented the ...