The FTC Safeguards Rule is a set of regulations that require certain businesses to develop and implement information security programs to protect customer information. The rule applies to financial institutions, mortgage brokers, auto dealerships and other entities that handle sensitive customer information. The FTC can investigate and take enforcement action against businesses that fail to comply with the Safeguards Rule, including imposing fines and requiring corrective action.

LDD can help you become compliant with all the requirements including these major milestones.

• Identify the types of customer information collected, evaluate the risks to that information, and implement safeguards to protect it.
• Such safeguards can include physical, technical, and administrative measures, such as firewalls, encryption, access controls and employee training.
• Consistent monitoring and updates to information security systems to stay up to date with changing risks and technologies.
• Assist in overseeing your outside service providers’ handling of customer information and ensuring their compliance with the rule.
• Regular employee training and establishing policies and procedures to ensure that staff are aware of their responsibilities under the information security program.
• Perform intrusion detection and vulnerability testing on your systems.
• Assist with the written Incident Response Plan.

If you would like to speak to us about your compliance or want more information, please contact us at (505) 792-2375 or fill out the form on this page.