Business Blog
3 new things to know about FTC Safeguards Rule review
As part of its regulatory review, the FTC announced earlier this year Information Security and Financial Institutions: An FTC Workshop to Examine the Safeguards Rule. If the Safeguards Rule is of interest to you or your clients, you’ll want to know about three new developments.
First, the FTC has postponed the workshop and rescheduled it for July 13, 2020. If you’rd like to participate as a panelist on the new date, email us at safeguardsworkshop2020@ftc.gov by May 14th.
Second, it will be a virtual workshop, taking place online only. You can watch the webcast live on July 13th.
Third, the workshop will continue to focus on some of the issues raised in response the FTC’s proposed amendment to the Gramm-Leach-Bliley Safeguards Rule, which requires financial institutions to develop, implement, and maintain a comprehensive information security program. But we’ve extended until August 12, 2020, the deadline for you to file comments on the topics that will be discussed at the workshop.
As always, if you intend to volunteer as a panelist or file a comment and you’re affiliated with an entity that has provided funding for research, analysis, or commentary on relevant topics, please identify that source of funding in your submission.
It is your choice whether to submit a comment. If you do, you must create a user name, or we will not post your comment. The Federal Trade Commission Act authorizes this information collection for purposes of managing online comments. Comments and user names are part of the Federal Trade Commission’s (FTC) public records system, and user names also are part of the FTC’s computer user records system. We may routinely use these records as described in the FTC’s Privacy Act system notices. For more information on how the FTC handles information that we collect, please read our privacy policy.
The purpose of this blog and its comments section is to inform readers about Federal Trade Commission activity, and share information to help them avoid, report, and recover from fraud, scams, and bad business practices. Your thoughts, ideas, and concerns are welcome, and we encourage comments. But keep in mind, this is a moderated blog. We review all comments before they are posted, and we won’t post comments that don’t comply with our commenting policy. We expect commenters to treat each other and the blog writers with respect.
We don't edit comments to remove objectionable content, so please ensure that your comment contains none of the above. The comments posted on this blog become part of the public domain. To protect your privacy and the privacy of other people, please do not include personal information. Opinions in comments that appear in this blog belong to the individuals who expressed them. They do not belong to or represent views of the Federal Trade Commission.