Regulations & Compliance
Federal Trade Commission (FTC) Safeguards Rule deadline was June 9, 2023
Start becoming compliant inside (1) hour with Sniper Watch solutions!
What is the FTC Safeguards Rule?
A recently revised U.S. Federal Trade Commission (FTC) ruling – the Safeguards Rule – requires non-banking financial institutions to develop, deploy and maintain a comprehensive security program to keep customer financial data safe.
Due to the growing number of data breaches and evolving security threats, organizations need to advance their security programs to protect the confidentiality of customer information.
In short, the updated rule changes require:
- A well-written information security plan and actionable steps to address “reasonably foreseeable internal and external risks”
- Comprehensive Information Security Program
– which will further protect your organization from data breaches, data loss, malware, and ransomware attacks.
Which organizations are affected by the FTC rule?
The FTC Safeguards Rule now impacts non-financial institutions. Any organization that handles customer financial data and engages in transactions that use personal consumer information is impacted by the changes to the rule. Below are just a few of the types of organizations that are affected:
- Mortgage lenders
- Mortgage brokers
- Payday lenders
- Finance companies
- Account servicers
- Automobile dealerships
- Wire transferors
- Collection agencies
- Tax preparation firms
- Credit counselors and financial advisors
- Retailers that issue their own credit cards
- Non-federally insured credit unions
- Personal property or real estate appraisers
- Travel agencies in connection with financial services
- Investment advisors not required to register with the SEC
How Sniper Watch Can Help
Get Back to Driving Revenue.
Cloud-delivered security helps you comprehensively address risk, protects your sensitive data, and protects customer data without disrupting business, while getting compliant immediately.
Protect It all
Fast, flexible, agile solutions foster organizational growth and protection in today's modern landscape.
- Secure network and cloud traffic
- Detect threats faster
- Block lateral movement
- Protect against data theft, leakage, and loss
Are you Compliant?
Find out if have the proper measures in place.
FTC Safeguards Rule
Download the Sniper Watch top (10) questions you need to answer to become compliant.
What should I do Next?
Sniper Watch can help you quickly get compliant with the FTC Safeguards Rule with easy, fast, cloud-delivered security, so you can reduce risk and move forward with doing business.