Ftc Safeguard Rules By June 6 2024. The new amendments to the safeguards rule require a financial institution to submit a notice to the ftc of any unauthorized acquisition of unencrypted customer data, referred to as a. The new ftc safeguards rule clearly specifies how businesses need to be accountable and invest in better cybersecurity.

Here are some recommendations and best practices that can help organizations better comply with the ftc safeguards mandate. The deadline for complying with some of the updated requirements of the safeguards rule is now june 9, 2023.