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Federal Trade Commission Aims to Ramp Up the Cybersecurity Efforts of Financial Institutions

July 13, 2020 — The Federal Trade Commission is seeking to ramp up mandated cybersecurity efforts for financial institutions by altering the Gramm-Leach-Bliley Act’s Safeguards Rule, which requires financial institutions to develop, implement and maintain a comprehensive information security program

Jericho Casper

Jericho Casper

— 2 min read
Federal Trade Commission Aims to Ramp Up the Cybersecurity Efforts of Financial Institutions
Screenshot of the virtual Federal Trade Commission workshop

July 13, 2020 — The Federal Trade Commission is seeking to ramp up mandated cybersecurity efforts for financial institutions by altering the Gramm-Leach-Bliley Act’s Safeguards Rule, which requires financial institutions to develop, implement and maintain a comprehensive information security program.

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FTC Cybersecurity Chris Cronin consumer information David Lincicum Drexel University encryption financial institutions Gramm-Leach-Bliley Act

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