Is your business impacted by the new FTC Safeguards?
Are you a financial institution, according to the FTC? A financial institution “means any institution the business of which is engaging in an activity that is financial in nature or incidental to such financial activities as described in section 4(k) of the Bank Holding Company Act of 1956, 12 U.S.C. 1843(k). An institution that is significantly engaged in financial activities, or significantly engaged in activities incidental to such financial activities, is a financial institution.”
Link to FTC Safeguards Rule Checklist overview
Silverback Consulting will work with your Team to accomplish the necessary steps.
The grey and red graphics below each requirement indicate the
percentages of involvement for I.T. support and Dealership.
See example below:
Single Qualified Individual
Multi-Factor Authentication
Data Encryption
Annual User Training
Annual Pentest OR Bi-Annual Vuln Scanning
Access Controls
Written Incident Response Plan
Written Risk Assessment
Unauthorized Activity Monitoring
Change Management Procedures
Annual Reporting to Board
Data and Systems Inventory
Systems Monitoring and Logging
Overseeing / Monitoring Service Providers
Secure Data Disposal Procedures
Secure Development Practices
I.T. You Can Trust
Our Mission is to Make Your Job Easier