Updated: Dec 20, 2022
The FTC Safeguards Rule (amended in 2021) deadline is quickly approaching, non-compliance could cost your organization up to $43,792, per violation, per day.
We make compliance with the FTC “Safeguards Rule” easy:
Our team of Cybersecurity experts are here to ensure your organization’s compliance to the FTC “Safeguards Rule” is seamless and hassle-free. With our vast experience in managing non-banking financial institutions such as Auto Dealerships, Payday Lenders, and Mortgage Brokers, we understand the intricacies of regulatory compliance and take the stress out of keeping your organization protected.
What is the FTC “Safeguards Rule”?
Effective January 10, 2022, the FTC has required that financial institutions implement and maintain an information security program to protect customer personal information.
How we can help to ensure FTC compliance for your organization:
Work with the appointed Qualified Employee,
Work to develop and maintain the Written Information Security Plan,
Work to develop and maintain the Written Indecent Response Plan,
Work to develop and maintain the Written Risk Assessment,
Work to implement and maintain proper Access Controls for Data Privacy,
Assist with keeping Assets and Confidential data is inventoried and in-scope,
Provide assistance implementing and managing Data Encryption,
Work with client's Vendors to ensure Secure Development Practices are being followed,
Provide assistance implementing and managing Multi-Factor Authentication where needed,
Help implement and maintain System Monitoring and Logging,
Assist with the development of ongoing Secure Data Disposal procedures,
Provide assistance in developing and managing ongoing Change Management Procedures,
Help to implement systems to detect and prevent Unauthorized Access to confidential data,
Assist with the implementation of Intrusion Detection and Vulnerability Testing,
Aid in the overseeing and monitoring of other third-party vendors and service providers.
All Auto Dealerships, Title Companies, Mortgage Brokers, Payday Lenders, and any other non-financial banking institutions need to be fully compliant by December 9th of 2022, reach out to us right away to discuss how we can help get you on track.
The statements expressed on this page are not intended as official legal or regulatory advice. Please see the official recommendations from the Federal Trade Commission by clicking here.