FTC Safeguards

Rule Compliance

What are FTC Safeguards?

The FTC Safeguards Rule is a regulation enforced by the Federal Trade Commission (FTC) that requires financial institutions and other businesses that handle sensitive customer information to implement measures to protect this data from unauthorized access. This rule is crucial for businesses as it helps safeguard consumer data, such as social security numbers, credit card information, and other personal details, from falling into the wrong hands.

What Types of Organizations Need to Adhere to FTC Safeguards? 

The FTC Safeguards Rule applies to a variety of organizations that handle consumer information, here are a few examples of organizations that need to adhere:

  • Financial institutions such as banks, credit unions, and lenders
  • Non-bank financial institutions like payday lenders and mortgage brokers
  • Tax return preparers and accounting firms
  • Payment processors and money transmitters
  • Credit reporting agencies and background check companies
  • Debt collectors and collection agencies
  • Auto dealerships that offer financing options
  • Universities and colleges that offer financial aid services
  • Telecommunications companies that bill customers for services

Expert FTC Safeguards Rule Compliance with Logic Fortress

We understand the importance of complying with the FTC Safeguards Rule to ensure the security and privacy of your customers’ information. Don’t take risks with your customers’ data – find out how our professional FTC Safeguards Rule services can help protect your business and reputation. 

By partnering with Logic Fortress, you can show your customers that their information is safe and build trust in your brand. Let us handle the security of your sensitive information so you can focus on growing your business with peace of mind!