What types of controls are required to safeguard customer info?

The Safeguards Rule requires companies to assess and address the risks to customer information in all areas of their operation, including three areas that are particularly important to information security: Employee Management and Training; Information Systems; and Detecting and Managing System Failures.

What is required under the safeguard rule?

The Safeguards Rule requires financial institutions under FTC jurisdiction to have measures in place to keep customer information secure.

What is the safeguards rule designed to protect?

This rule, promulgated pursuant to the Gramm-Leach-Bliley Act, is designed to protect the consumer data collected by non-bank financial institutions, such as mortgage lenders and brokers, “pay day” lenders, and automobile dealerships, among many others (“subject financial institutions”).

What are a few controls that can help protect the data?

What is the General Data Protection Regulation?

• Identity and Access Management (IDAM)
• Data Loss Prevention (DLP)
• Encryption & Pseudonymization.
• Incident Response Plan (IRP):
• Third-Party Risk Management.
• Policy Management.

Which control would be best protect an organization confidential data?

A key tool for technical protection is encryption—a solution for a number of things, including data integrity to ensure data hasn’t been modified in an unauthorized manner and transmission security for online data transfers.

When was the Safeguards Rule originated?

The Safeguards Rule was published in the Federal Register one year ago [67 Fed Reg 36484 (May 23, 2002)] and can be found on the Federal Trade Commission Web site at http://www.ftc.gov/privacy/privacyinitiatives/safeguards.html.

What is financial safeguard?

Safeguard represents the insurance portion of a client’s overall portfolio. We provide the highest caliber of insurance and risk management consultation by collaborating with other financial and insurance professionals to ensure that every aspect of a client’s financial profile and exposure to risk are addressed.

How can you protect the information and details of customers?

There are five steps you can take to protect your customers’ information:

• Only collect the most vital data.
• Limit access to that data.
• Use password management tools.
• Avoid data silos.
• Set minimum security standards.

How can I best protect data?

Here are some practical steps you can take today to tighten up your data security.

1. Back up your data.
2. Use strong passwords.
3. Take care when working remotely.
4. Be wary of suspicious emails.
5. Install anti-virus and malware protection.
6. Don’t leave paperwork or laptops unattended.
7. Make sure your Wi-Fi is secure.

How can you protect data and information?

Securing Your Devices and Networks

1. Encrypt your data.
2. Backup your data.
3. The cloud provides a viable backup option.
4. Anti-malware protection is a must.
5. Make your old computers’ hard drives unreadable.
6. Install operating system updates.
7. Automate your software updates.
8. Secure your wireless network at your home or business.