The Federal Trade Commission's (FTC) Safeguards Rule sets out specific requirements for companies to implement comprehensive data security measures to safeguard consumer information. Compliance with the Safeguards Rule not only helps to protect consumer data but also preserves customer trust in a company's ability to keep their data secure. Failure to comply with the Safeguards Rule can result in severe financial and reputational harm, as well as possible legal repercussions.
It is essential for companies to take appropriate measures to comply with the FTC Safeguards Rule to protect their customers and their business. With the FTC Safeguards Rule service package, SBS will specifically complete the following tasks:
- Conduct an IT Risk Assessment to identify threats and implemented controls
- Create policies that are specifically called out in the Safeguards Rule
- Develop an Incident Response Plan to respond to data breaches or other security incidents
- Design and kick off a vendor selection and management program
- Provide a framework for an annual GLBA report
- Lead information security/ FTC Safeguards compliance consulting
✔ The SBS Advantage
- Focus on compliance AND keeping both your business and customer information safe.
- Position your business to be ahead of the curve in the event of increased regulatory scrutiny with a more advanced solution.
- Work with a team that has nearly 10 years of experience helping organizations comply with detailed federal cybersecurity regulations.
- Access the TRAC suite to efficiently and effectively maintain compliance long-term.