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federal_register: 2019-04981

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
2019-04981 Standards for Safeguarding Customer Information Proposed Rule The Federal Trade Commission ("FTC" or "Commission") requests public comment on its proposal to amend the Standards for Safeguarding Customer Information ("Safeguards Rule" or "Rule"). The proposal contains five main modifications to the existing Rule. First, it adds provisions designed to provide covered financial institutions with more guidance on how to develop and implement specific aspects of an overall information security program. Second, it adds provisions designed to improve the accountability of financial institutions' information security programs. Third, it exempts small businesses from certain requirements. Fourth, it expands the definition of "financial institution" to include entities engaged in activities that the Federal Reserve Board determines to be incidental to financial activities. Finally, the Commission proposes to include the definition of "financial institution" and related examples in the Rule itself rather than cross-reference them from a related FTC rule, the Privacy of Consumer Financial Information Rule. 2019-04-04 2019 4 https://www.federalregister.gov/documents/2019/04/04/2019-04981/standards-for-safeguarding-customer-information https://www.govinfo.gov/content/pkg/FR-2019-04-04/pdf/2019-04981.pdf Federal Trade Commission 192 The Federal Trade Commission ("FTC" or "Commission") requests public comment on its proposal to amend the Standards for Safeguarding Customer Information ("Safeguards Rule" or "Rule"). The proposal contains five main modifications to the existing Rule....  

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