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The BR Privacy & Security Download: November 2021 | Blank Rome LLP

FTC Updates Safeguards Rule

Federal Trade Commission announced amendments to Safeguards Rule the Final Rule. Obligates covered financial institutions to develop, implement and maintain a comprehensive information security program that complies with the Rule’s requirements.

FTC Increases Data Security Requirements for Financial Institutions

Federal Trade Commission FTC announced an updated rule to strengthen data security safeguards for financial institutions. 16 C.F.R. § 314. As a result of increasing cyberattacks and data breaches, the FTC augmented requirements to protect customer financial information.

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