FISMA vs FedRAMP: Understanding key differences in federal compliance standards
Understanding federal compliance standards is crucial for organizations working with the United States government. Two key frameworks in this area …
Learn More
FTC Safeguards Compliance Program
Protect customer financial data with tailored policies that meet FTC requirements.
As of June 9, 2023, the Federal Trade Commission (FTC) requires any organization that handles customer financial data to explain its information-sharing practices to consumers and provide strict safeguards around sensitive customer information.
Yet despite the potential for stiff fines and penalties and the risk to their reputation, many companies are not yet in compliance.
FTC Safeguards Compliance
BPM is proud to partner with Secentric to provide our clients with cybersecurity policies that keep you and your customers safe.
However big or small your company is, our FTC Safeguards Compliance Program helps you:
- Reassure your customers that their information is safe.
- Prevent data breaches, data leakage and ransomware.
- Avoid penalties and fines.
- Protect your reputation.
“Covered companies [must] develop, implement, and maintain an information security program with administrative, technical, and physical safeguards designed to protect customer information“
– Federal Trade Commission
Related Insights
The new rule goes beyond traditional financial companies to include any company that collects personal information from their customers, such as names, addresses, phone numbers, bank and credit card account numbers, income and credit histories, or Social Security numbers. This includes mortgage lenders, tax preparation firms, automobile dealerships, real estate appraisers, retailers that issue their own credit cards and many others.
FTC Safeguards Self-Directed Security Program
Fast-track your compliance efforts with our all-in-one self-guided compliance program workflow. This package lets you generate security policies from start to finish, tailored to your company’s size, activities and the sensitivity of the data you handle. It is updated regularly in response to policy changes and user feedback.
FTC Safeguards Managed Security Program
Organizations looking for personalized support have the option of upgrading to our Managed Security Program. Our dedicated BPM security professionals will work with you to implement your security program, helping you complete the risk assessment and program templates and making recommendations for your security architecture tailored to your organization’s needs.
FTC Safeguards Custom-Managed Security Program
For organizations that prefer managed service experience, BPM’s security professionals can support you with customized consulting. This includes all the benefits of the self-directed and managed security programs, as well as ongoing program management, staff training, a quarterly program review, an annual cybersecurity risk assessment and more.
Protect your customer. Protect your reputation.
Meet our FTC Safeguard Compliance Leader
Start the conversation
Looking for a team who understands where you’re headed and how to help you get there? Whether you’re building something new, managing growth or preserving success, let’s talk.