Focus 1
Builder trigger
Check this when the product handles customer financial information or supports a business activity that may be financial in nature under GLBA.
The FTC Safeguards Rule matters for US financial-in-nature products that handle customer information, including some fintech, lending, advisory, tax, and account-servicing workflows.
Focus 1
Check this when the product handles customer financial information or supports a business activity that may be financial in nature under GLBA.
Focus 2
The rule points builders toward written security programs, risk assessments, access controls, encryption, app assessment, MFA, change management, monitoring, and incident response.
Focus 3
The FTC amended the rule to require certain breach and security-incident reporting, with notification requirements taking effect in May 2024.
Focus 4
Use the FTC guide and the rule text to decide whether your activity is covered and what security program elements apply.
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This NOGA is published in connection with the CDFI Bond Guarantee Program, administered by the Community Development Financial Institutions Fund (CDFI Fund), the U.S.
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