The cost of implementing and maintaining cybersecurity programs can be substantial, and it typically correlates directly to the comprehensiveness and complexity of the program you implement. Fortunately, the Federal Trade Commission’s Standards for Safeguarding Customer Information focus narrowly on protecting customer information.
Secentric’s FTC Safeguards Policy suite has been tailored to help financial services firms comply with the FTC Safeguards Rule in the most efficient way possible. We have developed this policy to address customer information protection for organizations handling customer information in their internal operations. Our approach assumes you use modern operating practices, such as cloud services and third-party application service providers. This product is not intended to address the needs of service providers that host applications containing customer information (Those organizations will benefit from our Technology Service Provider Policy Suite).
To help you optimize your time and investments while implementing FTC Safeguards in your business, our FTC Safeguards Policy Suite focuses your efforts on the essential activities required to achieve compliance and those activities that are commonly expected in the course of exercising due care for customer information.
No security program is implemented overnight. An optimized security program development approach prioritizes the activities you can commit to achieving in the near term and those that most effectively minimize cyber risk to your customers and your business. With Secentric, you can make iterative advances to strengthen your program at a pace that suits your individual business needs.
The Secentric team monitors the regulatory and cybersecurity landscape to improve and enrich our content. We also strive to incorporate customer suggestions that will benefit our broader community of users. As a subscriber to our service, you will receive these enhancements and can incorporate them into your policies at your own pace. Login to the application regularly to review content enhancements and additions available through your home page.
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Secentric’s FTC Safeguards Rule security policy package meets you where you’re at, providing actionable guidance and education on the FTC Safeguard Rule’s security topics while bringing you through a consultative workflow that generates your company’s FTC Security Rule security policy and sets you on a path of reasonable and achievable first steps for your security program.
We don’t try to make complex security programs fit your business. Our process right sizes the FTC Safeguard journey for where you’re at today.
Complete your policy in as little as 30 minutes!
According to the Code of Federal Regulations, § 314.2(h), if your business assists with loans or financing options, then yes, the FTC requirements apply to your business and compliance is required by June 9, 2023.
Unfortunately, no. The deadline is June 9, 2023. This was previously extended from the original compliance date of December 9, 2022.
No, it’s not. With the right plan, even small companies can implement prudent and affordable measures that achieve the required safeguards. Secentric makes compliance not only possible, but affordable and effective for small businesses.
A security policy that addresses FTC Safeguards Rule requirements will have several areas of focus. Secentric’s workflow assisted policy development will help you understand these requirements and construct a policy that’s tailored to fits your business. Essential topics to address in security policies for the FTC Safeguards Rule include:
There are several fundamental practices a business can implement to improve their cybersecurity and achieve compliance with the FTC Safeguards Rule. One of the purposes and benefits of a security policy for your small business is that it sets up the structure for your security program and makes clear your expectations regarding areas such as:
Each of these required topics are part of the FTC Safeguards Rule. Secentric will guide you through each of these areas to ensure the development of a comprehensive, compliance-ready policy!
Cybersecurity is not a one-and-done, overnight exercise. Keeping your business safe and secure is an ongoing process. At Secentric, we can help you create a cybersecurity policy and program that is purpose-built for your business and your needs.
Secentric has decades of experience in data protection, cybersecurity program development, information security policy management, and security consulting. We’ve distilled that experience into a fast moving workflow that provides you with consultative guidance as we walk you through the development of your security policy and initial FTC Safeguards Rule cybersecurity program.. Your company benefits from the experience of seasoned security professionals that understand cybersecurity policies and FTC Safeguards Rule requirements for small businesses, at a fraction of what consulting engagements would cost.
At Secentric, we do the heavy lifting for you, and our policy workflow guides you through the process of building a unique cybersecurity program that complies with the FTC Safeguards Rule. Your business is too important not to take the necessary steps. Purchase our FTC Safeguards Rule package or contact us at Secentric to get started today!
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