Understanding the New FTC Safeguards Rule Checklist for 2023

The FTC website states that the Safeguards Rule “requires covered companies to develop, implement, and maintain an information security program with administrative, technical, and physical safeguards designed to protect customer information.” FTC exempts organizations with fewer than 5,000 consumer records from certain provisions like written risk assessment and incident response plans. To navigate these complexities, businesses are encouraged to seek qualified cybersecurity leadership. For detailed insights and a simplified FTC Safeguards Rule checklist, read our blog post.

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