Get Compliant With
The FTC Safeguard Rule
Back in 2021, The Federal Trade Commission (FTC) revised to the “Standards for Safeguarding Customer Information” previously issued under the Gramm-Leach-Bliley Act in 2002. The updates are a result of increased cyber threats since the COVID-19 pandemic.
The purpose is to protect consumer information from misuse or a data breach and ultimately identity theft or privacy violations.
The Safeguards Rule applies broadly to all “financial institutions,” including other entities that provide or facilitate financial services. The first FTC compliance deadline for automotive dealerships has been extended to June 9, 2023.
The updated “Standards for Safeguarding Customer Information”, requires dealers to develop, implement and maintain a comprehensive written information security program by June 9, 2023.
Below Is A Brief Outline Of The Compliance Requirements:
This is a simple outline of the compliance regulation. For compliance help and a cybersecurity assessment, please call us at 951-319-4080.
Preparation & Evaluation
- Written documentation & best practices evidencing compliance:
• Security Risk Assessment
• Information Security Program
• Incident Response Plan
- Ongoing written reports to board of directors (or equivalent) on IT & Security, at least annually, prepared by the designated “qualified” employee or third party
Implementation Of Security Tools
- Implementation of required tools supporting encryption (at rest and transmission), multifactor authentication and system monitoring
- Partnerships & documentation for penetration testing and vulnerability scans
Implementation Of Best Practices, Controls, & Procedural Requirements
(Including Ongoing Monitoring)
- Access controls to customer information
- Inventory of systems that access customer information
- Secure software development & utilization practices
- Disposal procedures for customer information
- Change management plan
Accountability & Ownership
- Designation of a “qualified” employee to oversee information security
- This person may be an employee, or a third party overseen by a senior member of your personnel
Change Management & Employee Training
Establish Routines for Auditing & Reviewing Cybersecurity Provider’s Best Practice
FTC Compliance Solutions to Ensure Fair Business Practices
The Federal Trade Commission (FTC) is responsible for enforcing federal consumer protection laws that prevent fraud, deception, and unfair business practices. FTC compliance in Inland Empire has developed a set of standards called the Safeguard Rule, which requires businesses to develop, implement and maintain a comprehensive written information security program to protect consumer information from misuse or data breaches.
Furthermore, the agency’s role is to protect consumers and ensure a level playing field for businesses, including those in the Inland Empire.
At Tech Guardian, we provide excellent client service to help businesses in the Inland Empire become compliant with the FTC Safeguard Rule. Our Managed Security Service Provider offers a wide range of superior IT cybersecurity protection, including business analytics, to meet the unique needs of businesses.
We understand the importance of legitimate business activity and help our clients achieve their business goals while staying compliant with the FTC. Our additional privacy protections, consumer protection issues, and advertising claims services provide our clients with peace of mind.
Let Tech Guardian be your partner in achieving FTC compliance and protecting your business.
As a business owner, it is your responsibility to protect your customers’ data from misuse or data breaches. Tech Guardian provides FTC compliance services to help businesses meet their legal obligations and safeguard their customers’ information.
We are an excellent client service provider, dedicated to helping businesses in the Inland Empire meet their business goals. Our wide range of services includes managed security service providers and superior IT cybersecurity protection.
The FTC enforces federal consumer protection laws that prevent fraud, deception, and unfair business practices. As a business entity, it is your responsibility to ensure that you are complying with the requirements of the FTC and the consumer protection laws.
Our team of experts will help you determine your business responsibilities and provide additional privacy protections to help you comply with FTC requirements.
Unfair business practices are a threat to any business enterprise. The FTC protects consumers from unfair business practices and ensures that businesses meet their legal obligations. Our team of experts will assist you in safeguarding your business from unfair business practices with FTC compliance in Inland Empire.
We offer a range of services that include business analytics services, which will help you monitor your business and ensure that it complies with the FTC requirements. We will help you develop a change management plan, establish routines for auditing and reviewing cybersecurity providers’ best practices, and help you address any consumer protection issues that may arise.
Tech Guardian offers comprehensive FTC compliance services to help businesses in the Inland Empire protect themselves and their customers from fraud, deception, and unfair business practices.
Our team of experts stays up-to-date with the latest regulations and consumer protection laws to ensure that your business stays compliant. We provide a range of services to help you prepare and implement an information security program that meets the requirements of the FTC Safeguard Rule.
Our services include a security risk assessment, the development of an information security program, the implementation of required security tools such as encryption and multifactor authentication, ongoing monitoring, and employee training.
Our goal is to provide excellent client service and superior IT cybersecurity protection to all our business clients.
At Tech Guardian, we believe that FTC compliance in Inland Empire is not just about avoiding legal trouble but also about conducting legitimate business activity while protecting your customers’ sensitive information.
We help businesses in the Inland Empire understand their responsibilities under the Safeguard Rule and other consumer protection laws enforced by the FTC.
Our team of experts will work with you to ensure that your business goals align with the requirements of the Safeguard Rule. We will help you develop and implement an information security program that fits your unique needs and business objectives.
Our approach is proactive and practical, and we provide ongoing monitoring to ensure that your compliance program stays up-to-date with the latest regulations.
FTC compliance not only helps your business stay compliant with federal consumer protection laws, but it also offers additional privacy protections for your customers. At Tech Guardian, we understand the importance of protecting sensitive customer information, and we go above and beyond to ensure that your business is secure.
In addition to the requirements of the Safeguard Rule, we provide additional privacy protections such as secure software development and utilization practices, access controls to customer information, and inventory of systems that access customer information. We also provide disposal procedures for customer information and a change management plan.
We will make sure that your business is fully compliant with all FTC regulations and provide you with the necessary tools to safeguard your business from cybersecurity threats.
At Tech Guardian, we understand that achieving your business goals is a top priority. That’s why we offer comprehensive FTC compliance in Inland Empire to help you navigate the complexities of federal consumer protection laws and safeguard your business from unfair business practices.
Our experienced team is dedicated to providing excellent client service and superior IT cybersecurity protection to our business clients in the Inland Empire and Southern California.
As a trusted managed security service provider, we offer a wide range of services, including analytics services and additional privacy protections, to help you meet your business objectives while staying compliant with the FTC regulations.
With our expertise in cybersecurity and data privacy, we can help you protect your customers’ information and build trust in your brand.
Don’t let compliance concerns hold you back from achieving your business goals. Contact us today to learn more about how we can help you achieve success while staying compliant with FTC regulations. Our team is here to support you every step of the way!