Category Archives: FTC Safeguards Rule

What is the FTC Safeguards Rule and Why Should It Not Be Ignored? The Federal Trade Commission’s FTC Safeguards Rule is a set of regulations revamped in 2021 by your pals at the Federal Trade Commission (FTC) to safeguard customer-sensitive information. Think of it as a digital shield against cyberattacks, identity theft, and fraud. Who […]

Introduction The time is up!!! The FTC Safeguards Rule deadline extension for companies that lend money is over. The Federal Trade Commission’s (FTC) Safeguards Rule extension deadline for financial institutions ended June 9, 2023. The FTC Safeguards Rule is critical in ensuring the security of customers’ personal information held by non-banking financial institutions.   FTC Safeguards Rule […]

Table of Contents Understanding the FTC Safeguards Rule 1. What is the FTC Safeguards Rule? The FTC Safeguards Rule is your safety net regarding customer data protection. Introduced in 2003 under Gramm-Leach-Bliley Act, it’s all about ensuring businesses, especially in the financial sector, have tight safeguards for securing customer info. Here’s a quick rundown: Launched […]