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The (Updated) FTC Safeguards Rule
The FTC Safeguards Rule requires that businesses engaged in significant financial activities take the necessary steps to protect customer information. This rule applies to business... read more
The (Updated) FTC Safeguards Rule
The FTC Safeguards Rule requires that businesses engaged in significant financial activities take the necessary steps to protect customer information. This rule applies to businesses that fall under the Gramm-Leach-Bliley Act (GLBA) and extends to third-party service providers that handle sensitive customer data as well. Effective June 9, 2023, the FTC will enforce the Safeguards Rule, and failure to comply may result in fines or other legal consequences.
The FTC Safeguards Rule requires that businesses engaged in significant financial activities take the necessary steps to protect customer information. This rule applies to businesses that fall under the Gramm-Leach-Bliley Act (GLBA) and extends to third-party service providers that handle sensitive customer data as well. Effective June 9, 2023, the FTC will enforce the Safeguards Rule, and failure to comply may result in fines or other legal consequences.
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