WebAug 2, 2024 · Update: The FTC announced an extension of six months to the amendments of the Safeguards Rule. The amendments will not take effect until June 9, 2024. For more information about the extension, click here. Cybersecurity attacks have been on a steady incline each year, increasing by 15.1% from 2024 to 2024. WebNov 4, 2024 · Amendments to the Safeguards Rule On October 27, 2024, the FTC voted 3–2 to amend the Safeguards Rule to “better protect the American public from breaches and cyberattacks.” Using the New York State Department of Financial Services cybersecurity requirements as its model, the FTC has five main modifications to the …
Updates to the Gramm-Leach-Bliley Act Cybersecurity …
WebJul 31, 2024 · The FTC’s proposed amended Safeguards Rule does not contain any such notification requirement. State regulators do not see a conflict in these requirements that would prevent an entity complying with the proposed rule from also satisfying a state notification requirement. WebAug 2, 2024 · FTC Safeguards Rule was amended by the Federal Trade Commission in 2024. The revised Rule provides more concrete guidance for core data security principles that all covered companies need to implement. Deadline for amended Safeguards Rule compliance: June 9, 2024 the cellar of maiden choice
An Overview of the FTC Safeguards Rule - Tandem
WebJan 19, 2024 · Amendments to the Safeguards Rule The new Safeguards Rule contains five main modifications: 1. New Definition of “Financial Institution” “Financial institution” was previously just defined as any U.S. company “significantly engaged in financial activities.” WebTermed the Final Rule, the new set of amendments to the FTC Safeguards Rule becomes effective on June 9, 2024. Here is a reminder of the key changes that you must prioritize, with an emphasis on the protections deemed essential by the FTC as part of a modern information security program that best protects customer information. the cellar music