WebNov 15, 2024 · The deadline for complying with some of the updated requirements of the Safeguards Rule is now June 9, 2024. The Safeguards Rule requires non-banking financial institutions, such as mortgage brokers, motor vehicle dealers, and payday lenders, to develop, implement, and maintain a comprehensive security program to keep their … WebMar 29, 2024 · Earlier this month with the news that the FTC plans to update its dusty Gramm-Leach-Bliley Act regulations for data security. To refresh memories, GLBA covers data security and privacy practices of the US financial industry — banks, investment firms, mortgage lenders, financial advisors, consumer lenders, and more.
FTC Strengthens Security Safeguards for Consumer Financial …
WebOct 27, 2024 · In the Matter of the Final Rule amending the Gramm-Leach-Bliley Act’s Safeguards Rule . Commission File No. P145407 . October 27, 2024 . In 1999, Congress passed the Gramm-Leach-Bliley Act, which charged the Federal Trade Commission (the “Commission”) with promulgating and enforcing a regulation to ensure that WebNov 1, 2024 · On October 27, 2024, the Federal Trade Commission (FTC) announced a newly updated rule under the Gramm-Leach-Bliley Act (GLBA) intended to require financial institutions to strengthen their data security safeguards to protect consumer financial information. The newly updated rule, the Standards for Safeguarding Customer … cool spot fanny bay
Gramm-Leach-Bliley Act Federal Trade Commission
WebThe Federal Trade Commission (FTC) announced the first cybersecurity updates to the Gramm Leach-Bliley Act (GLBA) Safeguards Rule since 2003. The new rule … Webof Covered Data shall receive a copy of the Gramm-Leach Bliley Act (GLBA) Financial Information Security Program Policy and the Safeguards Rule Training. Each department director will distribute these documents to current employees and clarify how they relate to the department. WebNov 10, 2024 · Last updated at Wed, 02 Feb 2024 16:49:25 GMT. Heads up financial institutions: the Federal Trade Commission (FTC) announced the first cybersecurity … cool spotify playlist pictures