A new Federal Trade Commission publication, Financial
Institutions and Customer Data: Complying with the Safeguard Rule
(
www.ftc.gov/bcp/conline/pubs/buspubs/safeguards.htm ), explains
important aspects of the regulation ( www.ftc.gov/privacy/glbact
), which applies to businesses “significantly engaged” in
providing financial products or services to consumers. The report
includes a section called “How to Comply” and lists the specific
requirements financial institutions must follow in developing their
written information security plan. The Safeguard Rule also affects
credit reporting agencies, ATM operators and any company that receives
information from financial institutions.
Privacy
