Explains the FTC Safeguards Rule and its requirements for financial institutions to develop, implement, and maintain comprehensive information security programs. Posts detail specific provisions such as risk assessments, access controls, encryption mandates, and incident response planning under the updated rule.
posts
The $5.8 Billion Wake-Up Call You Can't Afford to Ignore In 2023, the FTC finalized sweeping updates to the Safeguards Rule. By 2024, enforcement actions were landing on companies most people had never heard of — small mortgage brokers, auto dealers, online retailers. The message was clear: the
The FTC Just Fined a Company $1.5 Million — Here's What They Missed In 2023, the FTC finalized its order against Chegg, Inc. for repeated data breaches that exposed personal information of roughly 40 million customers and employees. The company's failures weren't exotic. They
