![Federal Trade Commission Aims to Ramp Up the Cybersecurity Efforts of Financial Institutions](/content/images/size/w600/wp-content/uploads/2020/07/ftc-aims-ramp-up-cybersecurity-efforts-financial-institutions.png)
Cybersecurity
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