Following the passing of the Gramm-Leach-Bliley Act in November of 1999, the FTC created the Safeguards Rule to ensure non-bank “financial institutions” – i.e., businesses that engage in activity that is “financial in nature” – are protecting their confidential customer information. The Safeguards Rule applies to auto dealerships the offer financing, real estate appraisers, check printing/cashing businesses, mortgage brokers, investment advisors, and more. In December 2021, the FTC updated the Safeguards Rule to keep pace with current technology and modern threats. The new Safeguards Rule makes deploying MFA, implementing encryption, documenting an Incident Response Plan, and more a legal requirement for many businesses.
In this session, we’ll cover:
• Is your business a “financial institution”?
• 2021 Safeguards Rule Updates – What’s New and Important
• Timeframes for implementation
• And more!
Target Audience: Information security officer, IT manager, risk officers