One Article Review
| Source |  AlienVault Lab Blog |
|---|---|
| Identifiant | 8320150 |
| Date de publication | 2023-03-21 10:00:00 (vue: 2023-03-21 10:06:55) |
| Titre | La FTC prolonge la date limite de six mois pour se conformer à certaines modifications des règles de sécurité des données financières |
| Texte | The content of this post is solely the responsibility of the author. AT&T does not adopt or endorse any of the views, positions, or information provided by the author in this article. In a highly connected, internet-powered world, transactions take place online, in person, and even somewhere in between. Given the frequency of digital information exchange on our devices, including smartphones and smart home gadgets, cybersecurity has never been more important for protecting sensitive customer information. In response, the US Federal Trade Commission has rolled out updated measures to ensure that customers’ details are fully protected. Due to supply chain issues and qualified employee shortages, however, the FTC has granted a six-month extension on the original deadline, so businesses and financial institutions now have more time to complete the required changes. This article will look at the updated federal data security measures and how they will impact businesses. Updated federal data security measures In November, the United States Federal Trade Commission announced that it would grant a six-month extension for companies that have yet to update their security measures in compliance with updated FTC standards. The new deadline for businesses and financial institutions to implement the required changes will be June 9, 2023. By that point, all businesses must have updated their policies and procedures in keeping with the Financial Data Security Rule, also known as the Safeguards Rule. Initial changes to the Safeguards Rule Initially, the Federal Trade Commission approved changes to the Safeguards Rule in October 2021. These changes included updated criteria for financial institutions, providing more specific requirements about which safeguards they must include in their information security programs. Some of these updates to the Safeguards Rule were implemented 30 days after the rule was published in the Federal Register, while other specific criteria were on track to be implemented on December 9, 2022. Why has the deadline been extended? The deadline has been extended to June 2023 due to reports presenting compelling arguments for postponing the required implementation. The Small Business Administration’s Office of Advocacy, for example, filed a letter addressed to the FTC. The letter stated that several factors would bar companies from effectively implementing these updated security requirements in the allotted time. Between supply chain issues that could cause delays in transporting essential equipment for the requisite security system upgrades, and a widespread shortage of qualified information security experts who could implement the changes on time, the letter from the SBA convincingly spelled out why businesses would need more time to complete the security system upgrades in compliance with FTC rules. The global COVID-19 pandemic further exacerbated these issues, making it difficult for small-scale businesses and financial institutions to meet the deadlines. The FTC voted unanimously to approve this deadline extension. Reasons for FTC data security rule updates The changes to the Financial Data Security Rule are meant to ensure that financial institutions put sufficient security measures in place to keep their customers’ personal information safe from any hacking attempts. Boosting the data security of financial institutions is vital to strengthening t |
| Envoyé | Oui |
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| Tags | Guideline |
| Stories | |
| Notes | ★★ |
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