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GLBA's Amended Safeguards Rule

In this whitepaper, you'll learn more about:

  • New entities and data covered by the new GLBA Amendments
  • Operational obligations of all covered entities
  • How to comply with the new GLBA's Safeguard Rule

DOWNLOAD WHITE PAPER

The Federal Trade Commission (FTC) 's recently announced amendment to the Safeguards Rule of the Gramm-Leach-Bliley Act (GLBA) means the Safeguards Rule now applies to all customer information held by non-financial institutions.

This means having an appropriate information security program with adequate administrative, technical, and physical safeguards to protect that information's security, confidentiality, and integrity. Additional responsibilities include the designation of a specific qualified individual to oversee and implement the aforementioned information security program, regular risk assessments, and periodic reports to the governing bodies.

Compliance with these new requirements will not be a straightforward task. However, this whitepaper aims to simplify that process a bit by leaving organizations with a better understanding of the new changes and the Final Rule itself.

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Frequently Asked Questions

Here are some other commonly asked questions you may have:

The GLBA requires organizations handling consumers' financial information to disclose their policies and practices to protect the confidentiality, security, and integrity of non-public personal information about their consumers.

The primary body responsible for enforcing the GLBA is the Federal Trade Commission (FTC).

While they were supposed to go into effect by December 9th, 2022, the FTC announced a six-month extension. Organizations are now expected to comply with these new safeguards by June 9th, 2023.

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