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ARTICLE · 14 SEPTEMBER 2016

Cybersecurity News And Notes – September 13, 2016

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The Federal Trade Commission has opened a public comment period to evaluate its Safeguards Rule ( 16. C.F.R. § 314.3).

United StatesTechnology
Christopher E. Hart
Christopher E. Hart
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In Case You Missed It: The Federal Trade Commission has opened a public comment period to evaluate its Safeguards Rule ( 16. C.F.R. § 314.3). Under the Gramm-Leach-Bliley Act (GLBA), which regulates financial institutions, the FTC is empowered to promulgate regulations governing how financial institutions secure consumer information. The Safeguards Rule, as currently in force, does not have specific "how-to" requirements, but rather broad and flexible standards that financial institutions can use as guidelines in assessing risks to the data they maintain and in developing viable security plans. Through public comment, the FTC states that it seeks to better understand the Rule's economic impact, conflict with state and other federal regulations, and the effect of the Rule on changes within the industry.

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