FTC SAFEGUARDS RULE COMPLIANCE
The FTC Safeguards Rule requires financial institutions to implement comprehensive information security programs. Non-compliance carries federal penalties. PTG helps you meet all nine requirements and protect customer financial data.
The 9 FTC Safeguards Rule Requirements
Each requirement is mandatory as of June 9, 2023. PTG addresses all nine through our compliance program.
Qualified Individual
Designate a qualified person to oversee your information security program. PTG provides virtual CISO services for this role.
Risk Assessment
Conduct written risk assessments identifying internal and external threats to customer information security.
Safeguards Implementation
Design and implement safeguards to control risks identified in your assessment, including access controls and encryption.
Monitoring and Testing
Continuously monitor safeguards through vulnerability assessments, penetration testing, and system monitoring.
Staff Training
Provide security awareness training for all personnel who access customer information.
Service Provider Oversight
Monitor third-party vendors who access customer data, requiring contractual security obligations.
Scope of the FTC Safeguards Rule
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Achieve FTC Safeguards Rule Compliance
Protect customer financial data and avoid federal penalties. Schedule a compliance assessment today.