Safeguards Rule

The Safeguards Rule is a regulation from the Federal Trade Commission (FTC) designed to protect personal information held by financial institutions. It requires these organizations to implement security measures to ensure the confidentiality and integrity of customer data. This includes assessing risks, creating security programs, training employees, and regularly monitoring the effectiveness of their safeguards. By following these guidelines, businesses aim to prevent data breaches and unauthorized access, ultimately enhancing consumer trust and protecting sensitive information.