FTC Provides Guidance on Updated Safeguards Rule Federal Trade Commission
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ppWe enforce federal competition and consumer protection laws that prevent anticompetitive deceptive and unfair business practicesppView EnforcementppFind legal resources and guidance to understand your business responsibilities and comply with the lawppBrowse legal resourcesppView all Competition Matters Blog postsppWe work to advance government policies that protect consumers and promote competitionppView PolicyppFind legal resources and guidance to understand your business responsibilities and comply with the lawppBrowse legal resourcesppView all Technology Blog postsppLearn more about your rights as a consumer and how to spot and avoid scams Find the resources you need to understand how consumer protection law impacts your businessppVisit militaryconsumergovppVisit consumergovppVisit Competition CountsppCompetition GuidanceppView News and EventsppView more EventsppSign up for the latest newsppLearn about the FTCs notable video game cases and what our agency is doing to keep the public safeppExplore refund statistics including where refunds were sent and the dollar amounts refunded with this visualizationppOur mission is protecting the public from deceptive or unfair business practices and from unfair methods of competition through law enforcement advocacy research and educationppLearn more about the FTCppAndrew N Ferguson is Chairman of the Federal Trade CommissionppChairman Andrew N FergusonppLooking for legal documents or records Search the Legal Library insteadppLooking for legal documents or records Search the Legal Library insteadppTagsppToday the FTC released Frequently Asked Questions that discuss the requirements of the Safeguards Rule which was mandated by the GrammLeachBliley Act and how it specifically applies to motor vehicle dealersppThe FTC is committed to providing certainty to the marketplace and ensuring that it administers its regulations in a manner that minimizes burden to legitimate businesses To that end the FTC has in the past issued guidance on how to comply with the agencys Safeguards Rule which requires nonbanking financial institutions including motor vehicle dealers to develop implement and maintain a comprehensive security program to keep their customers information safeppIn 2021 the FTC amended the Safeguards Rule to provide more specific guidelines for financial institutions and to ensure that the Rule keeps pace with current technology In 2023 the agency made additional changes to the rule to require financial institutions to report to the FTC certain data breaches and security incidents involving their customer informationppAdditional guidance about the Safeguards Rule is available on the FTCs websiteppThe Federal Trade Commission works to promote competition and protect and educate consumers The FTC will never demand money make threats tell you to transfer money or promise you a prize Learn more about consumer topics at consumerftcgov or report fraud scams and bad business practices at ReportFraudftcgov Follow the FTC on social media read consumer alerts and the business blog and sign up to get the latest FTC news and alertsp
The gov means its official
Federal government websites often end in gov or mil Before sharing sensitive information make sure youre on a federal government site
pp
The site is secure
The https ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely
ppWe enforce federal competition and consumer protection laws that prevent anticompetitive deceptive and unfair business practicesppView EnforcementppFind legal resources and guidance to understand your business responsibilities and comply with the lawppBrowse legal resourcesppView all Competition Matters Blog postsppWe work to advance government policies that protect consumers and promote competitionppView PolicyppFind legal resources and guidance to understand your business responsibilities and comply with the lawppBrowse legal resourcesppView all Technology Blog postsppLearn more about your rights as a consumer and how to spot and avoid scams Find the resources you need to understand how consumer protection law impacts your businessppVisit militaryconsumergovppVisit consumergovppVisit Competition CountsppCompetition GuidanceppView News and EventsppView more EventsppSign up for the latest newsppLearn about the FTCs notable video game cases and what our agency is doing to keep the public safeppExplore refund statistics including where refunds were sent and the dollar amounts refunded with this visualizationppOur mission is protecting the public from deceptive or unfair business practices and from unfair methods of competition through law enforcement advocacy research and educationppLearn more about the FTCppAndrew N Ferguson is Chairman of the Federal Trade CommissionppChairman Andrew N FergusonppLooking for legal documents or records Search the Legal Library insteadppLooking for legal documents or records Search the Legal Library insteadppTagsppToday the FTC released Frequently Asked Questions that discuss the requirements of the Safeguards Rule which was mandated by the GrammLeachBliley Act and how it specifically applies to motor vehicle dealersppThe FTC is committed to providing certainty to the marketplace and ensuring that it administers its regulations in a manner that minimizes burden to legitimate businesses To that end the FTC has in the past issued guidance on how to comply with the agencys Safeguards Rule which requires nonbanking financial institutions including motor vehicle dealers to develop implement and maintain a comprehensive security program to keep their customers information safeppIn 2021 the FTC amended the Safeguards Rule to provide more specific guidelines for financial institutions and to ensure that the Rule keeps pace with current technology In 2023 the agency made additional changes to the rule to require financial institutions to report to the FTC certain data breaches and security incidents involving their customer informationppAdditional guidance about the Safeguards Rule is available on the FTCs websiteppThe Federal Trade Commission works to promote competition and protect and educate consumers The FTC will never demand money make threats tell you to transfer money or promise you a prize Learn more about consumer topics at consumerftcgov or report fraud scams and bad business practices at ReportFraudftcgov Follow the FTC on social media read consumer alerts and the business blog and sign up to get the latest FTC news and alertsp
